Wetherby Asset Management Inc. boosted its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,036 shares of the bank’s stock after buying an additional 197 shares during the period. Wetherby Asset Management Inc.’s holdings in Itau Unibanco Banco Holding SA were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Itau Unibanco Banco Holding SA during the second quarter valued at $115,000. Advisor Partners LLC purchased a new position in Itau Unibanco Banco Holding SA during the second quarter valued at $120,000. Ronald Blue & Co. LLC boosted its position 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 in the last quarter. Park Avenue Securities LLC purchased a new position in Itau Unibanco Banco Holding SA during the second quarter valued at $137,000. Finally, Smithfield Trust Co. boosted its position in Itau Unibanco Banco Holding SA by 15.4% in the second quarter. Smithfield Trust Co. now owns 12,483 shares of the bank’s stock valued at $137,000 after buying an additional 1,662 shares in the last quarter. 5.39% of the stock is owned by institutional investors.

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. The firm has a market capitalization of $80.32 billion, a PE ratio of 10.61 and a beta of 1.61. Itau Unibanco Banco Holding SA has a 52-week low of $9.10 and a 52-week high of $13.65.

The company also recently announced a special dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Thursday, August 17th will be paid a $0.1278 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This is an increase from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. This represents a dividend yield of 0.45%. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is currently 5.36%.

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Several research analysts have recently weighed in on the company. Zacks Investment Research cut 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 cut Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research report on Wednesday, July 12th. Finally, ValuEngine raised Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th.

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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