Federated Investors Inc. PA decreased its position in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 60.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the bank’s stock after selling 123,704 shares during the period. Federated Investors Inc. PA’s holdings in Itau Unibanco Banco Holding SA were worth $884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new position in Itau Unibanco Banco Holding SA in the first quarter valued at $248,000. Ngam Advisors L.P. increased its holdings in Itau Unibanco Banco Holding SA by 1.0% in the first quarter. Ngam Advisors L.P. now owns 70,509 shares of the bank’s stock valued at $851,000 after buying an additional 696 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Itau Unibanco Banco Holding SA by 154.7% in the first quarter. William Blair Investment Management LLC now owns 39,456 shares of the bank’s stock valued at $476,000 after buying an additional 23,967 shares in the last quarter. Morgan Stanley increased its holdings in Itau Unibanco Banco Holding SA by 381.3% in the first quarter. Morgan Stanley now owns 10,005,644 shares of the bank’s stock valued at $120,768,000 after buying an additional 7,926,656 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Itau Unibanco Banco Holding SA by 0.8% in the first quarter. First Trust Advisors LP now owns 26,523 shares of the bank’s stock valued at $320,000 after buying an additional 223 shares in the last quarter. 4.41% of the stock is owned by institutional investors.

A number of analysts have recently commented on the stock. ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Citigroup Inc. cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co cut shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price for the company. in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.25.

Shares of Itau Unibanco Banco Holding SA (ITUB) opened at 13.97 on Monday. The stock’s 50 day moving average is $12.83 and its 200-day moving average is $12.02. The stock has a market cap of $90.79 billion, a PE ratio of 12.15 and a beta of 1.60. Itau Unibanco Banco Holding SA has a 1-year low of $9.10 and a 1-year high of $14.01.

Itau Unibanco Banco Holding SA announced that its Board of Directors has approved a stock buyback plan on Thursday, August 31st that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 3rd will be paid a $0.0048 dividend. This is a boost from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.06 annualized dividend and a dividend yield of 0.41%. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is 5.36%.

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Itau Unibanco Banco Holding SA 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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