World Asset Management Inc Lowers Stake in Itau Unibanco Banco Holding SA (ITUB)

World Asset Management Inc lowered its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,273 shares of the bank’s stock after selling 11,124 shares during the period. World Asset Management Inc’s holdings in Itau Unibanco Banco Holding SA were worth $2,103,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITUB. Virtu Financial LLC acquired a new position in Itau Unibanco Banco Holding SA during the second quarter valued at $115,000. 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 last quarter. Park Avenue Securities LLC purchased a new stake in shares of Itau Unibanco Banco Holding SA during the second quarter worth approximately $137,000. OLD National Bancorp IN purchased a new stake in shares of Itau Unibanco Banco Holding SA during the second quarter worth approximately $150,000. Finally, 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 last quarter. 5.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Itau Unibanco Banco Holding SA (NYSE ITUB) opened at 12.67 on Friday. The stock has a market cap of $82.34 billion, a P/E ratio of 10.98 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 firm’s 50 day moving average price is $11.89 and its 200 day moving average price is $11.95.

The business also recently disclosed a special dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.1278 per share. This represents a yield of 0.45%. This is an increase from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. The ex-dividend date is Tuesday, August 15th. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is presently 33.04%.

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ITUB has been the subject of a number of recent research reports. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 19th. 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. Finally, 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 on the stock. in a research report on Wednesday, July 12th.

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.

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

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