Gilder Gagnon Howe & Co. LLC cut its position in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 18.1% during the second quarter, Holdings Channel reports. The fund owned 254,989 shares of the bank’s stock after selling 56,206 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Itau Unibanco Banco Holding SA were worth $2,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ITUB. First Trust Advisors LP raised its stake in shares of Itau Unibanco Banco Holding SA by 0.8% in the first quarter. First Trust Advisors LP now owns 26,523 shares of the bank’s stock worth $320,000 after buying an additional 223 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Itau Unibanco Banco Holding SA by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 21,031 shares of the bank’s stock worth $232,000 after buying an additional 395 shares during the period. Ronald Blue & Co. LLC raised its stake in shares of Itau Unibanco Banco Holding SA by 3.5% in the second quarter. Ronald Blue & Co. LLC now owns 12,157 shares of the bank’s stock worth $134,000 after buying an additional 410 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Itau Unibanco Banco Holding SA by 4.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 12,543 shares of the bank’s stock worth $159,000 after buying an additional 542 shares during the period. Finally, Ngam Advisors L.P. raised its stake in shares of Itau Unibanco Banco Holding SA by 1.0% in the first quarter. Ngam Advisors L.P. now owns 70,509 shares of the bank’s stock worth $851,000 after buying an additional 696 shares during the period. 5.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Itau Unibanco Banco Holding SA (ITUB) opened at 12.49 on Thursday. The company has a market cap of $81.17 billion, a price-to-earnings ratio of 10.72 and a beta of 1.61. Itau Unibanco Banco Holding SA has a 1-year low of $9.10 and a 1-year high of $13.65. The firm has a 50-day moving average price of $11.56 and a 200 day moving average price of $11.93.

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

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A number of brokerages have recently commented on ITUB. 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. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. 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.

About Itau Unibanco Banco Holding SA

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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