Macquarie Group Ltd. raised its position in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,379,495 shares of the bank’s stock after buying an additional 67,293 shares during the period. Macquarie Group Ltd. owned about 0.29% of Itau Unibanco Banco Holding SA worth $103,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fred Alger Management Inc. boosted its position in Itau Unibanco Banco Holding SA by 13.5% during the 2nd quarter. Fred Alger Management Inc. now owns 105,161 shares of the bank’s stock valued at $1,162,000 after buying an additional 12,530 shares during the period. Capital Research Global Investors purchased a new stake in Itau Unibanco Banco Holding SA during the 2nd quarter valued at $222,425,000. Capital World Investors boosted its position in Itau Unibanco Banco Holding SA by 1.1% during the 2nd quarter. Capital World Investors now owns 41,357,500 shares of the bank’s stock valued at $457,000,000 after buying an additional 435,500 shares during the period. Boston Common Asset Management LLC raised its holdings in Itau Unibanco Banco Holding SA by 17.4% in the 2nd quarter. Boston Common Asset Management LLC now owns 391,986 shares of the bank’s stock worth $4,331,000 after purchasing an additional 58,170 shares in the last quarter. Finally, Guardian Capital LP raised its holdings in Itau Unibanco Banco Holding SA by 14.9% in the 2nd quarter. Guardian Capital LP now owns 138,700 shares of the bank’s stock worth $1,533,000 after purchasing an additional 18,000 shares in the last quarter. 4.41% of the stock is owned by institutional investors and hedge funds.

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ITUB has been the subject of several research reports. 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 objective for the company. in a report on Wednesday, July 12th. Citigroup Inc. lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Finally, ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.

Shares of Itau Unibanco Banco Holding SA (NYSE ITUB) traded up 0.64% on Friday, reaching $14.13. 11,681,631 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.66 and a 200 day moving average of $12.23. Itau Unibanco Banco Holding SA has a 12-month low of $9.10 and a 12-month high of $14.59. The firm has a market cap of $91.83 billion, a P/E ratio of 12.34 and a beta of 1.63.

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

Itau Unibanco Banco Holding SA announced that its Board of Directors has initiated a share buyback plan on Thursday, August 31st that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.

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

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