TT International Asset Management LTD purchased a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,241,085 shares of the bank's stock, valued at approximately $17,826,000. Itau Unibanco accounts for approximately 2.6% of TT International Asset Management LTD's investment portfolio, making the stock its 12th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its holdings in shares of Itau Unibanco by 117.4% during the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank's stock worth $253,180,000 after acquiring an additional 27,559,997 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Itau Unibanco by 9.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock worth $238,173,000 after acquiring an additional 4,151,459 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Itau Unibanco by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock worth $140,812,000 after acquiring an additional 489,873 shares during the period. Bank of America Corp DE boosted its holdings in shares of Itau Unibanco by 311.4% during the fourth quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock worth $126,898,000 after acquiring an additional 19,365,644 shares during the period. Finally, Dodge & Cox boosted its holdings in shares of Itau Unibanco by 6.8% during the fourth quarter. Dodge & Cox now owns 16,621,005 shares of the bank's stock worth $82,440,000 after acquiring an additional 1,058,400 shares during the period.
Itau Unibanco Stock Performance
Shares of NYSE:ITUB traded down $0.05 during trading on Friday, reaching $6.63. 17,549,784 shares of the stock were exchanged, compared to its average volume of 25,740,544. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.85. The firm has a market cap of $71.52 billion, a PE ratio of 9.38, a PEG ratio of 1.03 and a beta of 0.76. The stock has a 50-day moving average price of $6.39 and a 200-day moving average price of $5.55. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43.
Itau Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating 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 company had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $43.07 billion. Research analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.
Itau Unibanco Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be given a $0.0454 dividend. This represents a dividend yield of 6.22%. This is an increase from Itau Unibanco's previous dividend of $0.00. The ex-dividend date is Wednesday, June 11th. Itau Unibanco's payout ratio is presently 30.99%.
Itau Unibanco 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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