Handelsinvest Investeringsforvaltning Has $124,000 Position in Itau Unibanco Banco Holding SA (NYSE:ITUB)

Handelsinvest Investeringsforvaltning cut its position in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 38.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,251 shares of the bank’s stock after selling 7,100 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Itau Unibanco Banco Holding SA were worth $124,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Harding Loevner LP boosted its position in Itau Unibanco Banco Holding SA by 1.1% in the first quarter. Harding Loevner LP now owns 57,460,819 shares of the bank’s stock valued at $693,553,000 after buying an additional 620,165 shares during the last quarter. BlackRock Inc. boosted its position in Itau Unibanco Banco Holding SA by 1,501.0% in the first quarter. BlackRock Inc. now owns 45,518,921 shares of the bank’s stock valued at $549,413,000 after buying an additional 42,675,779 shares during the last quarter. Vanguard Group Inc. boosted its position in Itau Unibanco Banco Holding SA by 5.4% in the first quarter. Vanguard Group Inc. now owns 39,090,077 shares of the bank’s stock valued at $471,817,000 after buying an additional 2,002,172 shares during the last quarter. Wellington Management Group LLP boosted its position in Itau Unibanco Banco Holding SA by 27.2% in the first quarter. Wellington Management Group LLP now owns 28,902,442 shares of the bank’s stock valued at $348,852,000 after buying an additional 6,188,145 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its position in Itau Unibanco Banco Holding SA by 72.4% in the fourth quarter. Orbis Allan Gray Ltd now owns 28,070,118 shares of the bank’s stock valued at $288,561,000 after buying an additional 11,792,788 shares during the last quarter. 5.39% of the stock is owned by institutional investors and hedge funds.

Itau Unibanco Banco Holding SA (NYSE ITUB) traded up 1.04% during mid-day trading on Tuesday, hitting $12.67. The stock had a trading volume of 17,675,245 shares. Itau Unibanco Banco Holding SA has a 12-month low of $9.10 and a 12-month high of $13.65. The company has a 50-day moving average of $11.29 and a 200-day moving average of $11.89. The firm has a market cap of $82.34 billion, a PE ratio of 10.86 and a beta of 1.61.

The business also recently disclosed a special dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.1278 per share. 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. This represents a dividend yield of 0.45%. Itau Unibanco Banco Holding SA’s dividend payout ratio is currently 5.36%.

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Several research analysts have recently issued reports on the company. Scotiabank raised Itau Unibanco Banco Holding SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. 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. ValuEngine raised Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. Finally, 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.

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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