Itau Unibanco Holding S.A. $ITUB Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 27.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,125 shares of the bank’s stock after buying an additional 10,000 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Itau Unibanco were worth $313,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Itau Unibanco by 3,590.6% in the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after purchasing an additional 4,201 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Itau Unibanco by 114.8% in the 2nd quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock valued at $66,000 after purchasing an additional 5,167 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Itau Unibanco by 31.7% during the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock valued at $69,000 after buying an additional 2,455 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Itau Unibanco during the 2nd quarter valued at $69,000. Finally, Ieq Capital LLC acquired a new stake in shares of Itau Unibanco during the 1st quarter worth $64,000.

Itau Unibanco Stock Up 1.0%

Shares of Itau Unibanco stock opened at $7.57 on Friday. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $7.66. The stock has a market cap of $81.56 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. The company has a fifty day moving average price of $7.15 and a 200 day moving average price of $6.78.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ITUB shares. Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Itau Unibanco in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.18.

About Itau Unibanco

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.