Itau Unibanco (ITUB) Shareholder Westwood Global Investments LLC Has Lifted Holding by $32.38 Million

June 20, 2017 - By Darrin Black

Westwood Global Investments Llc increased its stake in Itau Unibanco (ITUB) by 12.13% based on its latest 2016Q4 regulatory filing with the SEC. Westwood Global Investments Llc bought 3.24M shares as the company’s stock declined 15.42% while stock markets rallied. The institutional investor held 29.94M shares of the major banks company at the end of 2016Q4, valued at $307.73 million, up from 26.70M at the end of the previous reported quarter. Westwood Global Investments Llc who had been investing in Itau Unibanco for a number of months, seems to be bullish on the $69.74B market cap company. The stock increased 0.64% or $0.07 during the last trading session, reaching $10.99. About shares traded. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has risen 47.22% since June 20, 2016 and is uptrending. It has outperformed by 30.52% the S&P500.

Another recent and important Itau Unibanco Holding SA (ADR) (NYSE:ITUB) news was published by Schaeffersresearch.com which published an article titled: “Petroleo Brasileiro SA Petrobras, Itau Unibanco, GlycoMimetics Stocks Moving Today” on May 18, 2017.

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Ratings Coverage

Among 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Itau Unibanco Banco Holding SA had 12 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Wednesday, July 20 to “Neutral”. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, April 27. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) earned “Underperform” rating by Credit Suisse on Tuesday, October 13. The rating was downgraded by Citigroup on Thursday, October 15 to “Neutral”. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has “Underperform” rating given on Tuesday, March 15 by Scotia Capital. The rating was downgraded by Citigroup to “Sell” on Friday, April 8. The firm has “Overweight” rating by JP Morgan given on Tuesday, August 16. The firm has “Sell” rating by Goldman Sachs given on Tuesday, March 29. The firm has “Sector Perform” rating by Scotia Capital given on Wednesday, April 12. The company was downgraded on Tuesday, March 22 by Deutsche Bank.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.