233,049 Shares in Itau Unibanco Banco Holding SA (ITUB) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new position in Itau Unibanco Banco Holding SA (NYSE:ITUB) during the first quarter, Holdings Channel reports. The firm purchased 233,049 shares of the bank’s stock, valued at approximately $2,812,000.

Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Itau Unibanco Banco Holding SA during the fourth quarter worth approximately $3,668,000. Allianz Asset Management AG raised its position in shares of Itau Unibanco Banco Holding SA by 869.5% in the fourth quarter. Allianz Asset Management AG now owns 1,401,695 shares of the bank’s stock worth $14,410,000 after buying an additional 1,257,117 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Itau Unibanco Banco Holding SA during the fourth quarter worth approximately $570,000. Asset Management One Co. Ltd. raised its position in shares of Itau Unibanco Banco Holding SA by 92.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 211,386 shares of the bank’s stock worth $2,174,000 after buying an additional 101,645 shares during the period. Finally, Aviva PLC raised its position in shares of Itau Unibanco Banco Holding SA by 10.0% in the fourth quarter. Aviva PLC now owns 67,710 shares of the bank’s stock worth $697,000 after buying an additional 6,155 shares during the period. Institutional investors own 5.52% of the company’s stock.

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

Itau Unibanco Banco Holding SA (NYSE:ITUB) traded up 0.28% during trading on Friday, reaching $10.92. 11,639,408 shares of the company traded hands. Itau Unibanco Banco Holding SA has a 12-month low of $7.42 and a 12-month high of $13.65. The firm’s 50 day moving average price is $11.51 and its 200 day moving average price is $11.62. The firm has a market capitalization of $71.25 billion, a price-to-earnings ratio of 9.93 and a beta of 1.55.

The company also recently declared a special dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, July 6th will be issued a $0.0045 dividend. This represents a yield of 0.52%. The ex-dividend date is Monday, July 3rd. This is a positive change from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is 5.59%.

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ITUB has been the topic of several recent analyst reports. 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, Scotiabank upgraded shares of Itau Unibanco Banco Holding SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $11.50.

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.

Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Banco Holding SA (NYSE:ITUB).

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