Itau Unibanco Holding S.A. (NYSE:ITUB) is on recovery track with 45.02% gain from a 1-year low price of $6.44. The company lost -0.64% to attain the price of $9.34 on 7/2/2019. Throughout the recent session, the prices were hovering between $9.19 and $9.465. These shares are 2.14% off its target price of $9.54 and the current market capitalization stands at $85.5B. The recent change has given its price a 7.86% lead over SMA 50 and -11.82% deficit over its 52-week high. The stock witnessed 4.24% gains, 6.5% gains and 4.19% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ITUB’s volatility during a week at 2.51% and during a month it has been found around 2.27%.

What Does Itau Unibanco Holding S.A. (ITUB) Do?

The company describes itself in regulatory filings as, “Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. It operates through the following segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. The Retail Banking segment includes credit cards, asset management, insurance, pension plan and capitalization products, and a variety of credit products and services for individuals and small companies. The Wholesale Bank segment offers corporate and investment banking activities, including its middle-market banking business. The Activities with the Market and Corporation segment deals with the result arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debts. The company was founded on September 9, 1943 and is headquartered in São Paulo, Brazil.” [Text can be found here: https://www.marketwatch.com/investing/stock/ITUB/profile under company description.]

Itau Unibanco Holding S.A. (ITUB) Top Holders

Institutional investors currently hold around $10.36 billion or 24.3% in ITUB stock. Look at its top three institutional owners: Harding Loevner Lp owns $791.46 million in Itau Unibanco Holding S.A., which represents roughly 0.93% of the company’s market cap and approximately 7.64% of the institutional ownership. Similar statistics are true for the second largest owner, Schroder Investment Management Group, which owns 80,141,276 shares of the stock are valued at $753.33 million. The third largest holder is Vanguard Group Inc, which currently holds $548.42 million worth of this stock and that ownership represents nearly 0.64% of its market capitalization.

Itau Unibanco Holding S.A. 13F Filings

At the end of March reporting period, 147 institutional holders increased their position in Itau Unibanco Holding S.A. (NYSE:ITUB) by some 88,881,514 shares, 183 decreased positions by 127,877,145 and 46 held positions by 885,297,065. That puts total institutional holdings at 1,102,000,000 shares, according to SEC filings. The stock grabbed 46 new institutional investments totaling 8,292,230 shares while 35 institutional investors sold out their entire positions totaling 11,321,019 shares.

Itau Unibanco Holding S.A. (ITUB) Analyst Guide

Several analysts have released their opinion on Itau Unibanco Holding S.A. (NYSE:ITUB), with 1 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.86 average brokerage recommendation [T1].