BARING ASSET MANAGEMENT Ltd maintained its stake in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) during the second quarter, Holdings Channel reports. The firm owned 2,690,782 shares of the bank’s stock at the end of the second quarter. Itau Unibanco Banco Holding SA accounts for approximately 1.9% of BARING ASSET MANAGEMENT Ltd’s holdings, making the stock its 13th largest position. BARING ASSET MANAGEMENT Ltd’s holdings in Itau Unibanco Banco Holding SA were worth $29,733,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Itau Unibanco Banco Holding SA by 1,501.0% in the first quarter. BlackRock Inc. now owns 45,518,921 shares of the bank’s stock worth $549,413,000 after buying an additional 42,675,779 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the first quarter worth approximately $135,266,000. Morgan Stanley raised its stake in shares of Itau Unibanco Banco Holding SA by 381.3% in the first quarter. Morgan Stanley now owns 10,005,644 shares of the bank’s stock worth $120,768,000 after buying an additional 7,926,656 shares during the period. Wellington Management Group LLP raised its stake in shares of Itau Unibanco Banco Holding SA by 27.2% in the first quarter. Wellington Management Group LLP now owns 28,902,442 shares of the bank’s stock worth $348,852,000 after buying an additional 6,188,145 shares during the period. Finally, Barings LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the first quarter worth approximately $32,478,000. Institutional investors and hedge funds own 5.41% of the company’s stock.

Shares of Itau Unibanco Banco Holding SA (ITUB) opened at 12.531 on Wednesday. The firm has a 50 day moving average price of $11.75 and a 200 day moving average price of $11.94. Itau Unibanco Banco Holding SA has a 52 week low of $9.10 and a 52 week high of $13.65. The company has a market capitalization of $81.43 billion, a price-to-earnings ratio of 10.756 and a beta of 1.61.

The company also recently declared a special dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.1278 per share. This represents a dividend yield of 0.45%. This is a boost from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. The ex-dividend date of this dividend is Tuesday, August 15th. Itau Unibanco Banco Holding SA’s dividend payout ratio is presently 5.36%.

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ITUB has been the topic of a number of recent analyst reports. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. J P Morgan Chase & Co lowered Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target on the stock. in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th.

Itau Unibanco Banco Holding SA Company Profile

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

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Institutional Ownership by Quarter for Itau Unibanco Banco Holding SA (NYSE:ITUB)

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