Smithfield Trust Co. increased its stake in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 15.4% during the second quarter, Holdings Channel reports. The fund owned 12,483 shares of the bank’s stock after buying an additional 1,662 shares during the period. Smithfield Trust Co.’s holdings in Itau Unibanco Banco Holding SA were worth $137,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ITUB. Ronald Blue & Co. LLC raised its stake 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 last quarter. Coronation Fund Managers Ltd. raised its stake in shares of Itau Unibanco Banco Holding SA by 2.0% in the second quarter. Coronation Fund Managers Ltd. now owns 964,480 shares of the bank’s stock worth $10,657,000 after buying an additional 19,302 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Itau Unibanco Banco Holding SA by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 21,031 shares of the bank’s stock worth $232,000 after buying an additional 395 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Itau Unibanco Banco Holding SA by 0.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 487,211 shares of the bank’s stock worth $5,384,000 after buying an additional 3,910 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the second quarter worth $137,000. Institutional investors and hedge funds own 5.39% of the company’s stock.

Shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) opened at 12.49 on Thursday. The company has a market capitalization of $81.17 billion, a price-to-earnings ratio of 10.72 and a beta of 1.61. Itau Unibanco Banco Holding SA has a one year low of $9.10 and a one year high of $13.65. The stock has a 50 day moving average of $11.56 and a 200-day moving average of $11.93.

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 given a dividend of $0.1278 per share. This represents a dividend yield of 0.45%. This is an increase from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. The ex-dividend date is Tuesday, August 15th. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is 5.36%.

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A number of equities research analysts have recently weighed in on ITUB shares. Zacks Investment Research lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Finally, 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 objective for the company. in a report on Wednesday, July 12th.

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

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