Segall Bryant & Hamill LLC Makes New $948,000 Investment in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Segall Bryant & Hamill LLC purchased a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 142,600 shares of the bank’s stock, valued at approximately $948,000.

Several other hedge funds also recently modified their holdings of ITUB. Van ECK Associates Corp boosted its stake in shares of Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock worth $38,000 after purchasing an additional 2,469 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Itaú Unibanco during the 1st quarter worth about $49,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Itaú Unibanco during the 2nd quarter worth about $65,000. Daymark Wealth Partners LLC acquired a new stake in shares of Itaú Unibanco in the third quarter worth approximately $68,000. Finally, MQS Management LLC acquired a new stake in shares of Itaú Unibanco in the third quarter worth approximately $70,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ITUB shares. JPMorgan Chase & Co. decreased their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. UBS Group cut shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Itaú Unibanco Trading Down 0.2 %

Shares of ITUB stock opened at $5.85 on Friday. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a fifty-two week low of $5.62 and a fifty-two week high of $7.27. The firm’s 50 day moving average price is $6.28 and its two-hundred day moving average price is $6.25.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.0031 per share. The ex-dividend date is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is 3.85%.

Itaú Unibanco Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.