Ajo LP reduced its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,227 shares of the company’s stock after selling 8,885 shares during the period. Ajo LP’s holdings in Itau Unibanco Holding were worth $1,560,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. raised its position in Itau Unibanco Holding by 1.6% in the first quarter. Capstone Asset Management Co. now owns 623,474 shares of the company’s stock worth $5,356,000 after buying an additional 9,906 shares in the last quarter. Aperio Group LLC raised its position in Itau Unibanco Holding by 5.0% in the first quarter. Aperio Group LLC now owns 748,427 shares of the company’s stock worth $6,429,000 after buying an additional 35,367 shares in the last quarter. Thomas White International Ltd. raised its position in Itau Unibanco Holding by 5.8% in the first quarter. Thomas White International Ltd. now owns 108,364 shares of the company’s stock worth $931,000 after buying an additional 5,940 shares in the last quarter. Pacad Investment Ltd. raised its position in Itau Unibanco Holding by 198.8% in the first quarter. Pacad Investment Ltd. now owns 319,419 shares of the company’s stock worth $2,744,000 after buying an additional 212,519 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Itau Unibanco Holding by 3.7% in the first quarter. BlackRock Group LTD now owns 20,797,749 shares of the company’s stock worth $178,652,000 after buying an additional 749,549 shares in the last quarter. 4.64% of the stock is currently owned by institutional investors.

Itau Unibanco Holding S.A. (NYSE:ITUB) traded up 1.262% during trading on Tuesday, reaching $10.835. The company’s stock had a trading volume of 2,863,583 shares. The firm has a 50 day moving average price of $11.04 and a 200-day moving average price of $9.49. Itau Unibanco Holding S.A. has a 52-week low of $5.48 and a 52-week high of $11.58. The stock has a market cap of $64.25 billion, a price-to-earnings ratio of 8.277 and a beta of 1.82.

Itau Unibanco Holding (NYSE:ITUB) last announced its earnings results on Wednesday, August 3rd. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a return on equity of 19.19% and a net margin of 23.21%. On average, analysts expect that Itau Unibanco Holding S.A. will post $1.07 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.005 per share. The ex-dividend date is Monday, October 3rd. Itau Unibanco Holding’s payout ratio is presently 4.92%.

ITUB has been the topic of several research reports. HSBC lowered Itau Unibanco Holding from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd. Credit Suisse Group AG raised Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Goldman Sachs Group Inc. raised Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Finally, JPMorgan Chase & Co. cut their price target on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Itau Unibanco Holding has an average rating of “Hold” and an average target price of $9.98.

About Itau Unibanco Holding

Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.

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