Gilder Gagnon Howe & Co. LLC decreased its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 311,195 shares of the bank’s stock after selling 8,699 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Itau Unibanco Holding SA were worth $3,756,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ITUB. Orbis Allan Gray Ltd boosted its stake in shares of Itau Unibanco 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. Fisher Asset Management LLC purchased a new stake in shares of Itau Unibanco Holding SA during the first quarter valued at approximately $135,266,000. AQR Capital Management LLC boosted its stake in shares of Itau Unibanco Holding SA by 75.4% in the fourth quarter. AQR Capital Management LLC now owns 14,047,784 shares of the bank’s stock valued at $144,411,000 after buying an additional 6,036,885 shares during the last quarter. Dodge & Cox purchased a new stake in shares of Itau Unibanco Holding SA during the fourth quarter valued at approximately $61,110,000. Finally, FMR LLC boosted its stake in shares of Itau Unibanco Holding SA by 24.1% in the fourth quarter. FMR LLC now owns 27,651,899 shares of the bank’s stock valued at $284,262,000 after buying an additional 5,362,906 shares during the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

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

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 13th. Investors of record on Monday, June 5th will be issued a dividend of $0.0048 per share. The ex-dividend date is Thursday, June 1st. This is a boost from Itau Unibanco Holding SA’s previous monthly dividend of $0.00. This represents a $0.06 annualized dividend and a yield of 0.53%. Itau Unibanco Holding SA’s payout ratio is currently 5.94%.

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ITUB has been the subject of several research reports. Zacks Investment Research cut Itau Unibanco Holding SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. ValuEngine upgraded Itau Unibanco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. Finally, Scotiabank upgraded Itau Unibanco Holding SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Itau Unibanco Holding SA has an average rating of “Hold” and a consensus price target of $11.50.

About Itau Unibanco 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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