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TT International Asset Management LTD Invests $17.83 Million in Itau Unibanco Holding S.A. (NYSE:ITUB)

Itau Unibanco logo with Finance background

TT International Asset Management LTD acquired a new stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,241,085 shares of the bank's stock, valued at approximately $17,826,000. Itau Unibanco accounts for about 2.6% of TT International Asset Management LTD's portfolio, making the stock its 12th largest position.

Several other institutional investors also recently modified their holdings of the company. Deltec Asset Management LLC lifted its stake in shares of Itau Unibanco by 15.7% during the 1st quarter. Deltec Asset Management LLC now owns 133,650 shares of the bank's stock worth $735,000 after buying an additional 18,150 shares during the last quarter. Alta Capital Management LLC bought a new position in shares of Itau Unibanco during the first quarter worth approximately $62,000. Blue Trust Inc. lifted its holdings in Itau Unibanco by 29.0% during the 1st quarter. Blue Trust Inc. now owns 35,347 shares of the bank's stock worth $194,000 after purchasing an additional 7,948 shares during the last quarter. Matthews International Capital Management LLC boosted its stake in Itau Unibanco by 690.7% in the 1st quarter. Matthews International Capital Management LLC now owns 1,013,725 shares of the bank's stock valued at $5,575,000 after purchasing an additional 885,524 shares during the period. Finally, Johnson Investment Counsel Inc. grew its holdings in Itau Unibanco by 38.3% in the 1st quarter. Johnson Investment Counsel Inc. now owns 75,796 shares of the bank's stock valued at $417,000 after buying an additional 21,001 shares in the last quarter.

Itau Unibanco Stock Performance

Shares of ITUB traded up $0.15 during midday trading on Tuesday, reaching $6.80. 29,837,977 shares of the stock were exchanged, compared to its average volume of 25,739,182. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. The stock's 50 day simple moving average is $6.41 and its 200 day simple moving average is $5.56. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.87. The company has a market cap of $73.26 billion, a P/E ratio of 9.61, a PEG ratio of 1.03 and a beta of 0.77.

Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. On average, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.0454 per share. This represents a yield of 6.22%. This is an increase from Itau Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 11th. Itau Unibanco's dividend payout ratio is presently 30.99%.

Itau Unibanco Company Profile

(Free Report)

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.

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

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