American Century Companies Inc. raised its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,764,285 shares of the bank’s stock after buying an additional 64,532 shares during the period. American Century Companies Inc. owned about 0.05% of Itau Unibanco Banco Holding SA worth $19,495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. 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. Bank of America Corp DE boosted its position in Itau Unibanco Banco Holding SA by 7.3% in the first quarter. Bank of America Corp DE now owns 14,928,157 shares of the bank’s stock valued at $180,183,000 after buying an additional 1,015,235 shares during the last quarter. Finally, Axiom International Investors LLC DE boosted its position in Itau Unibanco Banco Holding SA by 1.3% in the first quarter. Axiom International Investors LLC DE now owns 14,171,183 shares of the bank’s stock valued at $171,046,000 after buying an additional 177,434 shares during the last quarter. Institutional investors own 4.41% of the company’s stock.

Itau Unibanco Banco Holding SA (NYSE ITUB) opened at 13.07 on Friday. The firm’s 50-day moving average price is $12.32 and its 200 day moving average price is $11.99. The firm has a market cap of $84.94 billion, a PE ratio of 11.39 and a beta of 1.59. 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 declared a monthly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.0047 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, September 1st. This is a boost from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. Itau Unibanco Banco Holding SA’s payout ratio is 5.36%.

Itau Unibanco Banco Holding SA announced that its board has authorized a share buyback plan on Thursday, August 31st that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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Several equities analysts have issued reports on ITUB shares. 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. J P Morgan Chase & Co cut 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. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. Finally, Citigroup Inc. cut Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.25.

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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