Itau Unibanco Banco Holding SA (NYSE:ITUB) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently weighed in on ITUB. ValuEngine downgraded Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Citigroup Inc downgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co downgraded Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target on the stock. in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Itau Unibanco Banco Holding SA has an average rating of “Hold” and an average price target of $12.50.

Shares of Itau Unibanco Banco Holding SA (ITUB) traded down $0.04 during midday trading on Friday, reaching $12.65. The company’s stock had a trading volume of 16,590,000 shares, compared to its average volume of 8,500,000. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.69. Itau Unibanco Banco Holding SA has a 12 month low of $9.10 and a 12 month high of $14.59. The stock has a market cap of $80,370.00, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.60.

Itau Unibanco Banco Holding SA declared that its board has approved a share repurchase plan on Thursday, August 31st that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in ITUB. Virtu Financial LLC purchased a new position in shares of Itau Unibanco Banco Holding SA in the 2nd quarter valued at about $115,000. Comerica Securities Inc. purchased a new position in shares of Itau Unibanco Banco Holding SA in the 2nd quarter valued at about $117,000. Advisor Partners LLC purchased a new position in shares of Itau Unibanco Banco Holding SA in the 2nd quarter valued at about $120,000. Ronald Blue & Co. LLC increased its holdings in shares of Itau Unibanco Banco Holding SA by 3.5% in the 2nd quarter. Ronald Blue & Co. LLC now owns 12,157 shares of the bank’s stock valued at $134,000 after acquiring an additional 410 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Itau Unibanco Banco Holding SA in the 2nd quarter valued at about $137,000. Institutional investors and hedge funds own 4.50% of the company’s stock.

Itau Unibanco Banco Holding SA Company Profile

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

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