Itau Unibanco Banco Holding SA (NYSE:ITUB) Downgraded by ValuEngine to Buy

Ngam Advisors L.P. now owns 66,507 shares of the company's stock worth $661,000 after buying an additional 4,665 shares in the last quarter.

ITUB has been the subject of a number of recent analyst reports. Quantitative Systematic Strategies LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 3rd quarter worth about $142,000. According to today's trading volume Itau Unibanco Holding S.A.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Virtu Financial LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 2nd quarter worth about $115,000. Ngam Advisors L.P. increased its stake in Itau Unibanco Holding by 7.5% in the third quarter. Ativo Capital Management LLC now owns 214,327 shares of the bank's stock valued at $2,368,000 after buying an additional 34,410 shares during the last quarter.

Itau Unibanco Banco Holding SA (NYSE ITUB) traded down $0.07 during midday trading on Friday, hitting $12.69. Sei Investments Co. now owns 570,064 shares of the company's stock worth $6,237,000 after buying an additional 272,303 shares in the last quarter.

Itau Unibanco Holding S.A. (NYSE:ITUB) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 31.2 percent and its overall profit margin (ttm) is 15.7 Percent. BidaskClub lowered Itau Unibanco Banco Holding SA from a "buy" rating to a "hold" rating in a research note on Saturday, November 4th. Citigroup Inc. cut shares of Itau Unibanco Banco Holding SA from a buy rating to a neutral rating in a research note on Friday, August 25th. Finally, Zacks Investment Research lowered Itau Unibanco Banco Holding SA from a "hold" rating to a "sell" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock.

Taking a broader look at the analyst consensus, according to 7 analysts Itau Unibanco Banco Holding Sa (NYSE:ITUB)'s price will reach at $13.44 during 52 weeks.

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Following the acquisition, the chief financial officer now owns 229,573 shares of the company's stock, valued at $3,223,204.92. If we checked the overall image of stock during recent quarter then we found that stock performance is trading down -10.86%.

ItauUnibanco Holding S.A. (ITUB) stock was most active stock of Wall Street Market on Friday. The company had a trading volume of 13,814,100 shares, compared to its average volume of 11,449,986.

Itau Unibanco Holding S.A. has a 52-week low of $4.98 and a 52-week high of $12.19. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 1.57. This repurchase authorization allows the bank to buy 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.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 11th. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a dividend yield of 0.53%.

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Institutional owners hold 23.90% stake while Insiders ownership held at 52.10% in the company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and overseas. The company operates in the Financial Services sector with a market capitalization of 79.32 Million.

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