Baillie Gifford & Co. Has $56.19 Million Position in Itau Unibanco Holding S.A. (NYSE:ITUB)

Key Points

• Baillie Gifford & Co. has increased its stake in Itau Unibanco Holding S.A. by 10.1%, now owning over 10 million shares valued at approximately $56.19 million.
• Itau Unibanco reported earnings per share (EPS) of $0.18 for the last quarter, exceeding analysts' expectations of $0.16, with a net margin of 11.85%.
• The bank announced a dividend of $0.0024 per share, yielding 0.43%, with an upcoming payment date on August 8th for shareholders of record as of July 3rd.

Baillie Gifford & Co. boosted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,215,409 shares of the bank's stock after acquiring an additional 934,823 shares during the period. Baillie Gifford & Co. owned 0.09% of Itau Unibanco worth $56,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITUB. FMR LLC increased its stake in Itau Unibanco by 117.4% in the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank's stock valued at $253,180,000 after acquiring an additional 27,559,997 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Itau Unibanco by 9.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock valued at $238,173,000 after purchasing an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Itau Unibanco by 5.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank's stock worth $230,805,000 after buying an additional 2,306,414 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Itau Unibanco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock worth $140,812,000 after buying an additional 489,873 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in 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.

Itau Unibanco Stock Performance

NYSE ITUB opened at $6.37 on Friday. Itau Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.95. The stock has a market cap of $68.62 billion, a PE ratio of 9.00, a PEG ratio of 0.99 and a beta of 0.76. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.74 and a current ratio of 1.74. The firm's fifty day moving average price is $6.60 and its two-hundred day moving average price is $5.87.

Itau Unibanco (NYSE:ITUB - Get Free Report) last issued 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 return on equity of 19.35% and a net margin of 11.85%. The business had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. On average, equities analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a dividend of $0.0024 per share. The ex-dividend date is Wednesday, July 2nd. This represents a yield of 0.43%. Itau Unibanco's dividend payout ratio is presently 4.23%.

Wall Street Analysts Forecast Growth

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

About Itau 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.

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