Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by Baillie Gifford & Co.

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 Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,215,409 shares of the bank's stock after purchasing an additional 934,823 shares during the quarter. Baillie Gifford & Co. owned about 0.09% of Itau Unibanco worth $56,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Peapack Gladstone Financial Corp boosted its holdings in shares of Itau Unibanco by 13.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock worth $84,000 after buying an additional 2,000 shares during the last quarter. Union Bancaire Privee UBP SA boosted its position in shares of Itau Unibanco by 10.0% during the 1st quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank's stock valued at $121,000 after acquiring an additional 2,000 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Itau Unibanco by 21.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank's stock valued at $76,000 after buying an additional 2,468 shares during the period. Cerity Partners LLC lifted its position in Itau Unibanco by 4.1% in the first quarter. Cerity Partners LLC now owns 68,922 shares of the bank's stock worth $379,000 after buying an additional 2,694 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its stake in Itau Unibanco by 26.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 14,465 shares of the bank's stock worth $80,000 after purchasing an additional 3,050 shares during the period.

Itau Unibanco Price Performance

Shares of Itau Unibanco stock traded down $0.11 on Wednesday, reaching $6.15. The company's stock had a trading volume of 8,737,488 shares, compared to its average volume of 28,263,959. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.95. The company has a market capitalization of $66.25 billion, a P/E ratio of 8.67, a PEG ratio of 0.96 and a beta of 0.76. The stock has a 50-day moving average price of $6.57 and a 200-day moving average price of $5.90.

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, beating the consensus estimate of $0.16 by $0.02. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. The company had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. Analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued 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 (DPR) is 4.23%.

Wall Street Analyst Weigh In

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

Itau Unibanco 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.