Schroder Investment Management Group lessened its position in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 40.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,167,024 shares of the bank’s stock after selling 24,022,872 shares during the period. Itau Unibanco Banco Holding SA makes up about 0.7% of Schroder Investment Management Group’s portfolio, making the stock its 23rd largest holding. Schroder Investment Management Group owned approximately 1.09% of Itau Unibanco Banco Holding SA worth $386,134,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Gareth Morgan Investments Limited Partnership lifted its holdings in shares of Itau Unibanco Banco Holding SA by 5.7% during the 2nd quarter. Gareth Morgan Investments Limited Partnership now owns 150,692 shares of the bank’s stock worth $1,665,000 after acquiring an additional 8,066 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in shares of Itau Unibanco Banco Holding SA during the 2nd quarter worth approximately $194,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Itau Unibanco Banco Holding SA by 6.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 721,598 shares of the bank’s stock worth $7,974,000 after acquiring an additional 42,542 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Itau Unibanco Banco Holding SA by 69.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 108,840 shares of the bank’s stock worth $1,203,000 after acquiring an additional 44,439 shares during the period. Finally, Todd Asset Management LLC lifted its holdings in shares of Itau Unibanco Banco Holding SA by 362.1% during the 2nd quarter. Todd Asset Management LLC now owns 1,182,111 shares of the bank’s stock worth $13,062,000 after acquiring an additional 926,311 shares during the period. 4.41% of the stock is owned by institutional investors.

Shares of Itau Unibanco Banco Holding SA (NYSE ITUB) traded up 2.481% during mid-day trading on Wednesday, hitting $13.425. 7,204,076 shares of the stock were exchanged. The stock has a market capitalization of $87.24 billion, a price-to-earnings ratio of 11.704 and a beta of 1.60. The stock’s 50-day moving average is $12.38 and its 200-day moving average is $11.96. Itau Unibanco Banco Holding SA has a 52 week low of $9.10 and a 52 week high of $13.65.

Itau Unibanco Banco Holding SA declared that its board has approved a share repurchase plan on Thursday, August 31st that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 6th will be given a $0.0047 dividend. 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 0.43%. The ex-dividend date of this dividend is Friday, September 1st. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is 5.36%.

ITUB has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. J P Morgan Chase & Co downgraded shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Wednesday, July 12th. ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Finally, Citigroup Inc. downgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.25.

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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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