Trilogy Global Advisors LP decreased its stake in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,622,633 shares of the bank’s stock after selling 53,660 shares during the period. Itau Unibanco Banco Holding SA accounts for 1.3% of Trilogy Global Advisors LP’s portfolio, making the stock its 24th largest position. Trilogy Global Advisors LP owned about 0.11% of Itau Unibanco Banco Holding SA worth $40,029,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. M&T Bank Corp acquired a new position in Itau Unibanco Banco Holding SA during the first quarter worth approximately $248,000. Ngam Advisors L.P. increased its position in Itau Unibanco Banco Holding SA by 1.0% during the first quarter. Ngam Advisors L.P. now owns 70,509 shares of the bank’s stock worth $851,000 after purchasing an additional 696 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Itau Unibanco Banco Holding SA by 69.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 108,840 shares of the bank’s stock worth $1,203,000 after purchasing an additional 44,439 shares during the last quarter. William Blair Investment Management LLC increased its position in Itau Unibanco Banco Holding SA by 154.7% during the first quarter. William Blair Investment Management LLC now owns 39,456 shares of the bank’s stock worth $476,000 after purchasing an additional 23,967 shares during the last quarter. Finally, Morgan Stanley increased its position in Itau Unibanco Banco Holding SA by 381.3% during the first quarter. Morgan Stanley now owns 10,005,644 shares of the bank’s stock worth $120,768,000 after purchasing an additional 7,926,656 shares during the last quarter. 4.41% of the stock is owned by hedge funds and other institutional investors.

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Shares of Itau Unibanco Banco Holding SA (ITUB) traded down 1.43% during trading on Tuesday, reaching $13.78. 3,583,015 shares of the company traded hands. Itau Unibanco Banco Holding SA has a 12 month low of $9.10 and a 12 month high of $14.12. The firm has a 50-day moving average price of $12.90 and a 200-day moving average price of $12.02. The firm has a market capitalization of $89.55 billion, a PE ratio of 11.98 and a beta of 1.60.

The business also recently declared a monthly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 3rd will be given a $0.0048 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.41%. This is a positive change from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. The ex-dividend date is Monday, October 2nd. Itau Unibanco Banco Holding SA’s dividend payout ratio is 5.36%.

Itau Unibanco Banco Holding SA declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 31st that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the bank to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several equities analysts recently commented on the stock. ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Citigroup Inc. lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co lowered shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target for the company. in a research report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.25.

Itau Unibanco Banco Holding SA 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.

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

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