42,612 Shares in Itau Unibanco Holding S.A. $ITUB Purchased by Midwest Trust Co

Midwest Trust Co purchased a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,612 shares of the bank’s stock, valued at approximately $289,000.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Itau Unibanco by 3,590.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after purchasing an additional 4,201 shares during the period. Ieq Capital LLC acquired a new stake in Itau Unibanco during the first quarter valued at $64,000. GAMMA Investing LLC grew its position in Itau Unibanco by 114.8% during the second quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock valued at $66,000 after buying an additional 5,167 shares during the period. Parallel Advisors LLC increased its holdings in Itau Unibanco by 31.7% in the second 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 in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Itau Unibanco in the second quarter worth about $69,000.

Itau Unibanco Trading Down 2.5%

Shares of Itau Unibanco stock opened at $7.64 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $7.86. The firm has a market capitalization of $82.31 billion, a PE ratio of 10.82, a P/E/G ratio of 1.10 and a beta of 0.85. The firm’s 50-day moving average price is $7.19 and its 200 day moving average price is $6.81.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ITUB. Weiss Ratings upgraded Itau Unibanco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Zacks Research lowered Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.