Point72 Asset Management L.P. Acquires New Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Point72 Asset Management L.P. acquired a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 573,200 shares of the bank's stock, valued at approximately $2,843,000.

Several other institutional investors have also added to or reduced their stakes in ITUB. FMR LLC raised its holdings in Itaú Unibanco by 117.4% in the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank's stock worth $253,180,000 after purchasing an additional 27,559,997 shares in the last quarter. Bank of America Corp DE raised its holdings in Itaú Unibanco by 311.4% in the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock worth $126,898,000 after purchasing an additional 19,365,644 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Itaú Unibanco in the 4th quarter worth about $71,054,000. Renaissance Technologies LLC grew its position in shares of Itaú Unibanco by 75.0% in the 4th quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank's stock worth $54,340,000 after buying an additional 4,694,303 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Itaú Unibanco by 9.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock worth $238,173,000 after buying an additional 4,151,459 shares during the period.

Itaú Unibanco Stock Up 0.8%

Shares of NYSE:ITUB traded up $0.06 during midday trading on Friday, reaching $6.67. The company's stock had a trading volume of 38,437,408 shares, compared to its average volume of 25,260,590. The firm has a 50 day moving average of $5.92 and a 200-day moving average of $5.36. The firm has a market capitalization of $71.86 billion, a P/E ratio of 8.54, a PEG ratio of 0.89 and a beta of 0.76. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.85.

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