Itau Unibanco Banco Holding SA (ITUB) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 35.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,143,093 shares of the bank’s stock after selling 623,867 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Itau Unibanco Banco Holding SA were worth $12,631,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Coronation Fund Managers Ltd. increased its stake in 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 valued at $10,657,000 after buying an additional 19,302 shares in the last quarter. Janney Montgomery Scott LLC boosted 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. boosted 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. Park Avenue Securities LLC purchased a new stake in shares of Itau Unibanco Banco Holding SA during the second quarter worth $137,000. Finally, Deltec Asset Management LLC boosted its stake in shares of Itau Unibanco Banco Holding SA by 20.8% in the second quarter. Deltec Asset Management LLC now owns 506,494 shares of the bank’s stock worth $5,597,000 after buying an additional 87,145 shares during the last quarter. 5.41% of the stock is owned by institutional investors.

Itau Unibanco Banco Holding SA (NYSE:ITUB) traded up 2.84% during trading on Friday, reaching $12.67. 8,306,399 shares of the company traded hands. The company has a market cap of $82.34 billion, a PE ratio of 10.98 and a beta of 1.61. The company’s 50-day moving average is $11.89 and its 200 day moving average is $11.95. Itau Unibanco Banco Holding SA has a 12 month low of $9.10 and a 12 month high of $13.65.

The business also recently disclosed a special dividend, which will be paid on Tuesday, September 5th. Shareholders 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 boost 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 payout ratio is 33.04%.

ITUB has been the subject of a number of analyst reports. ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 19th. Zacks Investment Research cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. 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 price objective for the company. in a research note on Wednesday, July 12th.

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.