Sei Investments Co. decreased its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,096,388 shares of the bank’s stock after selling 115,637 shares during the period. Sei Investments Co.’s holdings in Itau Unibanco Banco Holding SA were worth $12,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Itau Unibanco Banco Holding SA during the second quarter worth approximately $115,000. Ronald Blue & Co. LLC raised its position 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 period. Park Avenue Securities LLC bought a new position in shares of Itau Unibanco Banco Holding SA during the second quarter worth approximately $137,000. OLD National Bancorp IN bought a new position in shares of Itau Unibanco Banco Holding SA during the second quarter worth approximately $150,000. Finally, YorkBridge Wealth Partners LLC raised its position 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 period. Institutional investors own 5.41% of the company’s stock.

Itau Unibanco Banco Holding SA (NYSE:ITUB) traded up 2.84% during mid-day trading on Friday, reaching $12.67. 8,306,399 shares of the company’s stock were exchanged. The stock has a market cap of $82.34 billion, a price-to-earnings ratio of 10.98 and a beta of 1.61. The company has a 50-day moving average of $11.89 and a 200-day moving average of $11.95. Itau Unibanco Banco Holding SA has a 52-week low of $9.10 and a 52-week high of $13.65.

The firm 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. This is an increase from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a dividend yield of 0.45%. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is presently 33.04%.

TRADEMARK VIOLATION NOTICE: “Itau Unibanco Banco Holding SA (ITUB) Position Cut by Sei Investments Co.” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/19/itau-unibanco-banco-holding-sa-itub-position-reduced-by-sei-investments-co-updated.html.

ITUB has been the topic of a number of research reports. ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 19th. 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 target on the stock. in a research note on Wednesday, July 12th. Finally, Zacks Investment Research lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th.

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)

Receive News & Stock Ratings for Itau Unibanco Banco Holding SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco Banco Holding SA and related stocks with our FREE daily email newsletter.