Banque Cantonale Vaudoise Buys Shares of 90,000 Itau Unibanco Holding S.A. (NYSE:ITUB)

Key Points

• Banque Cantonale Vaudoise acquired 90,000 shares of Itau Unibanco Holding S.A., valued at approximately $495,000, marking a significant investment in the bank's stock.
• Itau Unibanco recently declared a dividend of $0.0024 per share, which showcases a yield of 43.0% with a payout ratio of 4.23%.
• Analysts from UBS Group have maintained a "neutral" rating on Itau Unibanco shares, reflecting cautious optimism about the company's performance.

Banque Cantonale Vaudoise purchased a new position in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 90,000 shares of the bank's stock, valued at approximately $495,000.

A number of other institutional investors also recently added to or reduced their stakes in ITUB. FMR LLC boosted its holdings in shares of Itau 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 acquiring an additional 27,559,997 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Itau Unibanco by 311.4% in the fourth quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock valued at $126,898,000 after buying an additional 19,365,644 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Itau Unibanco in the fourth quarter valued at about $71,054,000. Renaissance Technologies LLC grew its holdings in Itau Unibanco by 75.0% during the 4th quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank's stock worth $54,340,000 after acquiring an additional 4,694,303 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Itau Unibanco by 127.2% during the 4th quarter. Voloridge Investment Management LLC now owns 6,290,328 shares of the bank's stock worth $31,200,000 after acquiring an additional 3,521,518 shares during the last quarter.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a "neutral" rating on shares of Itau Unibanco in a research note on Thursday, July 10th.

Itau Unibanco Trading Up 2.3%

ITUB stock traded up $0.15 during midday trading on Monday, reaching $6.44. The stock had a trading volume of 33,898,185 shares, compared to its average volume of 28,357,548. The firm has a market cap of $69.38 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.98 and a beta of 0.74. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.95. 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 business has a fifty day simple moving average of $6.55 and a two-hundred day simple moving average of $5.94.

Itau 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. 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 analysts' expectations of $43.07 billion. As a group, research analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.0024 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a dividend yield of 43.0%. Itau Unibanco's payout ratio is 4.23%.

Itau Unibanco Company Profile

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.