Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 452,035 shares of the bank's stock after acquiring an additional 98,591 shares during the quarter. Dimensional Fund Advisors LP's holdings in Itaú Unibanco were worth $2,242,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new stake in shares of Itaú Unibanco in the fourth quarter valued at approximately $35,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Itaú Unibanco during the fourth quarter worth approximately $57,000. Signaturefd LLC increased its position in shares of Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after purchasing an additional 11,961 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Itaú Unibanco during the fourth quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp increased its position in shares of Itaú Unibanco by 13.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock worth $84,000 after purchasing an additional 2,000 shares in the last quarter.

Itaú Unibanco Price Performance

Shares of ITUB traded down $0.04 during trading hours on Tuesday, hitting $6.78. 1,572,279 shares of the stock were exchanged, compared to its average volume of 24,777,237. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.85. The company has a market cap of $73.04 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. The stock's 50-day moving average price is $5.85 and its two-hundred day moving average price is $5.33.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The firm had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. Research analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 6th will be issued a $0.0024 dividend. This represents a yield of 0.46%. The ex-dividend date of this dividend is Monday, May 5th. Itaú Unibanco's payout ratio is currently 2.82%.

About Itaú Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.