Liberty Mutual Group Asset Management Inc. Maintains Stake in Itau Unibanco Banco Holding SA (ITUB)

Liberty Mutual Group Asset Management Inc. held its position in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) during the first quarter, according to its most recent filing with the SEC. The firm owned 39,978 shares of the bank’s stock at the end of the first quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Itau Unibanco Banco Holding SA were worth $483,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ITUB. Harding Loevner LP boosted its position 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 worth $693,553,000 after buying an additional 620,165 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 worth $471,817,000 after buying an additional 2,002,172 shares during the period. Wellington Management Group LLP boosted its position in shares of 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 worth $348,852,000 after buying an additional 6,188,145 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of 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 worth $288,561,000 after buying an additional 11,792,788 shares during the period. Finally, Fisher Asset Management LLC purchased a new position in shares of Itau Unibanco Banco Holding SA during the first quarter worth approximately $135,266,000. 5.52% of the stock is owned by institutional investors and hedge funds.

Shares of Itau Unibanco Banco Holding SA (ITUB) traded down 0.43% during midday trading on Friday, hitting $11.64. The stock had a trading volume of 7,341,033 shares. The stock has a 50 day moving average of $11.08 and a 200-day moving average of $11.85. Itau Unibanco Banco Holding SA has a one year low of $9.10 and a one year high of $13.65. The company has a market cap of $75.95 billion, a P/E ratio of 10.34 and a beta of 1.61.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.0047 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Tuesday, August 1st. Itau Unibanco Banco Holding SA’s payout ratio is 4.66%.

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ITUB has been the subject of a number of research analyst reports. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Scotiabank raised Itau Unibanco Banco Holding SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Zacks Investment Research lowered Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, J P Morgan Chase & Co lowered Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research 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.

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

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