Sumitomo Mitsui Asset Management Company LTD reduced its position in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 75.9% during the second quarter, Holdings Channel reports. The institutional investor owned 17,837 shares of the bank’s stock after selling 56,242 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Itau Unibanco Banco Holding SA were worth $197,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ITUB. Virtu Financial LLC bought a new stake in shares of Itau Unibanco Banco Holding SA during the second quarter worth about $115,000. Ronald Blue & Co. LLC increased its stake in Itau Unibanco Banco Holding SA by 5.8% in the first quarter. Ronald Blue & Co. LLC now owns 11,747 shares of the bank’s stock valued at $142,000 after buying an additional 643 shares during the period. OLD National Bancorp IN acquired a new stake in Itau Unibanco Banco Holding SA during the second quarter valued at $150,000. YorkBridge Wealth Partners LLC increased its stake in 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 valued at $159,000 after buying an additional 542 shares during the period. Finally, Koch Industries Inc. acquired a new stake in Itau Unibanco Banco Holding SA during the first quarter valued at $183,000. Institutional investors own 5.39% of the company’s stock.

Shares of Itau Unibanco Banco Holding SA (NYSE ITUB) opened at 12.36 on Friday. The stock’s 50 day moving average price is $11.65 and its 200 day moving average price is $11.93. 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 $80.32 billion, a P/E ratio of 10.61 and a beta of 1.61.

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

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Several research firms have recently weighed in on ITUB. Zacks Investment Research downgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. J P Morgan Chase & Co downgraded Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price for the company. in a research report on Wednesday, July 12th. Finally, ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th.

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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