Point72 Asset Management L.P. Invests $2.84 Million in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Point72 Asset Management L.P. purchased a new stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 573,200 shares of the bank's stock, valued at approximately $2,843,000.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Itaú Unibanco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after acquiring an additional 489,873 shares during the period. JPMorgan Chase & Co. grew its position in shares of Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after purchasing an additional 2,604,304 shares in the last quarter. Haven Global Partners LLC purchased a new position in shares of Itaú Unibanco in the fourth quarter valued at $3,284,000. Walleye Capital LLC raised its stake in shares of Itaú Unibanco by 5,310.8% during the 4th quarter. Walleye Capital LLC now owns 783,968 shares of the bank's stock valued at $3,888,000 after purchasing an additional 769,479 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Itaú Unibanco by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock worth $196,705,000 after purchasing an additional 1,286,014 shares in the last quarter.

Itaú Unibanco Price Performance

NYSE ITUB traded up $0.06 during trading hours on Monday, hitting $6.67. The company had a trading volume of 38,437,408 shares, compared to its average volume of 25,308,845. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The firm has a market capitalization of $71.86 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.89 and a beta of 0.76. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.85. The firm has a 50 day simple moving average of $5.94 and a 200 day simple moving average of $5.36.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. The business had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. Equities 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 firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.0024 per share. This represents a yield of 0.46%. The ex-dividend date of this dividend is Monday, May 5th. Itaú Unibanco's dividend payout ratio is 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.