American National Insurance Co. TX held its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) during the second quarter, according to its most recent filing with the SEC. The fund owned 33,206 shares of the bank’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Itau Unibanco Banco Holding SA were worth $367,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in ITUB. Harding Loevner LP boosted its stake in Itau Unibanco Banco Holding SA by 1.1% in the first quarter. Harding Loevner LP now owns 57,460,819 shares of the bank’s stock valued at $693,553,000 after buying an additional 620,165 shares during the period. BlackRock Inc. boosted its stake 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 period. Vanguard Group Inc. boosted its stake 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 period. Wellington Management Group LLP boosted its stake 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 period. Finally, Orbis Allan Gray Ltd boosted its stake in Itau Unibanco Banco Holding SA by 72.4% in the fourth quarter. Orbis Allan Gray Ltd now owns 28,070,118 shares of the bank’s stock valued at $288,561,000 after buying an additional 11,792,788 shares during the period. Institutional investors own 5.41% of the company’s stock.
Shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) remained flat at $12.46 during mid-day trading on Thursday. 5,822,202 shares of the company were exchanged. The company has a market cap of $81.30 billion, a price-to-earnings ratio of 10.85 and a beta of 1.61. The stock has a 50-day moving average price of $11.29 and a 200 day moving average price of $11.89. Itau Unibanco Banco Holding SA has a 1-year low of $9.10 and a 1-year high of $13.65.
The business also recently declared a special dividend, which will be paid on Tuesday, September 5th. Investors of record on Thursday, August 17th will be given a dividend of $0.1278 per share. This represents a yield of 0.45%. This is a positive change from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. The ex-dividend date of this dividend is Tuesday, August 15th. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is presently 5.36%.
Several brokerages recently commented on ITUB. Zacks Investment Research cut 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 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 report on Wednesday, July 12th. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Finally, Scotiabank upgraded Itau Unibanco Banco Holding SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th.
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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