Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 136.2% during the second quarter, Holdings Channel reports. The institutional investor owned 77,346 shares of the bank’s stock after buying an additional 44,600 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Itau Unibanco Banco Holding SA were worth $825,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Itau Unibanco Banco Holding SA by 18.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,018,117 shares of the bank’s stock valued at $33,351,000 after buying an additional 473,072 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Itau Unibanco Banco Holding SA by 0.4% in the second quarter. Wetherby Asset Management Inc. now owns 50,036 shares of the bank’s stock valued at $553,000 after buying an additional 197 shares during the period. Advisor Partners LLC purchased a new stake in shares of Itau Unibanco Banco Holding SA during the second quarter valued at about $120,000. TD Asset Management Inc. increased its stake in shares of Itau Unibanco Banco Holding SA by 16.1% in the second quarter. TD Asset Management Inc. now owns 29,845 shares of the bank’s stock valued at $330,000 after buying an additional 4,148 shares during the period. Finally, Smithfield Trust Co. increased its stake in shares of Itau Unibanco Banco Holding SA by 15.4% in the second quarter. Smithfield Trust Co. now owns 12,483 shares of the bank’s stock valued at $137,000 after buying an additional 1,662 shares during the period. 5.39% of the stock is currently owned by institutional investors.

Shares of Itau Unibanco Banco Holding SA (ITUB) opened at 12.49 on Thursday. The firm’s 50-day moving average is $11.56 and its 200 day moving average is $11.93. The firm has a market capitalization of $81.17 billion, a P/E ratio of 10.72 and a beta of 1.61. Itau Unibanco Banco Holding SA has a 52 week low of $9.10 and a 52 week high of $13.65.

The company also recently announced a special dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Thursday, August 17th will be issued a $0.1278 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This is a positive change from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. This represents a yield of 0.45%. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is 5.36%.

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Several brokerages have issued reports on ITUB. 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 target price on the stock. in a research note on Wednesday, July 12th. ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 19th. Finally, Zacks Investment Research downgraded 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.

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

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