US Bancorp DE Reduces Stock Holdings in Itau Unibanco Holding S.A. $ITUB

US Bancorp DE significantly reduced its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) in the third quarter by 67.6%, selling over 172,000 shares. Despite this, several other large institutional investors, such as Orbis Allan Gray Ltd and Fisher Asset Management LLC, increased their holdings in the Brazilian bank. Analysts generally maintain a “Buy” rating for Itau Unibanco, with an average target price of $9.00, even though the company recently missed quarterly EPS and revenue estimates but announced a special dividend.