Itau Unibanco Banco Holding SA (ITUB) Stake Raised by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its position in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 487,211 shares of the bank’s stock after buying an additional 3,910 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Itau Unibanco Banco Holding SA were worth $5,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ITUB. BlackRock Inc. boosted its position 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 worth $549,413,000 after buying an additional 42,675,779 shares during the period. Fisher Asset Management LLC purchased a new position in Itau Unibanco Banco Holding SA during the first quarter worth $135,266,000. Morgan Stanley boosted its position 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 worth $120,768,000 after buying an additional 7,926,656 shares during the period. Wellington Management Group LLP boosted its position 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 worth $348,852,000 after buying an additional 6,188,145 shares during the period. Finally, Barings LLC purchased a new position in Itau Unibanco Banco Holding SA during the first quarter worth $32,478,000. Institutional investors and hedge funds own 5.41% of the company’s stock.

Shares of Itau Unibanco Banco Holding SA (NYSE ITUB) opened at 12.67 on Friday. The stock’s 50 day moving average is $11.89 and its 200-day moving average is $11.95. The stock has a market capitalization of $82.34 billion, a price-to-earnings ratio of 10.98 and a beta of 1.61. Itau Unibanco Banco Holding SA has a 52 week low of $9.10 and a 52 week high of $13.65.

The firm also recently disclosed 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 dividend yield of 0.45%. This is an increase 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 33.04%.

WARNING: “Itau Unibanco Banco Holding SA (ITUB) Stake Raised by Ferguson Wellman Capital Management Inc.” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/08/19/ferguson-wellman-capital-management-inc-purchases-3910-shares-of-itau-unibanco-banco-holding-sa-itub-updated-updated.html.

ITUB has been the topic 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 report on Friday, May 19th. 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 on the stock. in a research report on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th.

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.

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

What are top analysts saying about Itau Unibanco Banco Holding SA? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Itau Unibanco Banco Holding SA and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit