Itau Corpbanca (ITCB) Sees Large Volume Increase

Itau Corpbanca (NYSE:ITCB) saw unusually-high trading volume on Monday . Approximately 500 shares traded hands during mid-day trading, a decline of 99% from the previous session’s volume of 61,736 shares.The stock last traded at $15.25 and had previously closed at $15.52.

Separately, ValuEngine downgraded shares of Itau Corpbanca from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.59 and a current ratio of 1.59.

A number of hedge funds have recently modified their holdings of the business. Thomas White International Ltd. raised its stake in Itau Corpbanca by 15.6% during the first quarter. Thomas White International Ltd. now owns 262,868 shares of the bank’s stock worth $3,851,000 after purchasing an additional 35,521 shares during the period. Aperio Group LLC raised its stake in Itau Corpbanca by 25.0% during the first quarter. Aperio Group LLC now owns 86,642 shares of the bank’s stock worth $1,269,000 after purchasing an additional 17,350 shares during the period. Jane Street Group LLC raised its stake in Itau Corpbanca by 250.8% during the fourth quarter. Jane Street Group LLC now owns 41,102 shares of the bank’s stock worth $552,000 after purchasing an additional 29,387 shares during the period. Two Sigma Securities LLC purchased a new position in Itau Corpbanca during the fourth quarter worth about $155,000. Finally, Wetherby Asset Management Inc. purchased a new position in Itau Corpbanca during the first quarter worth about $159,000. 0.67% of the stock is currently owned by institutional investors.

About Itau Corpbanca

Itaú CorpBanca provides banking products and services to individuals, and large and medium companies. It offers current accounts, credit cards, lines of credit, and mortgage credit products, as well as cash management, financing, corporate finance, investment, and insurance services. It has operations in Chile, Colombia, and Panama, as well as has a branch in New York and a representative office in Madrid.

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