Boston Common Asset Management LLC Has $8.87 Million Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Boston Common Asset Management LLC increased its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,612,969 shares of the bank's stock after acquiring an additional 211,701 shares during the period. Boston Common Asset Management LLC's holdings in Itaú Unibanco were worth $8,871,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after acquiring an additional 2,604,304 shares in the last quarter. Haven Global Partners LLC acquired a new stake in shares of Itaú Unibanco during the 4th quarter valued at about $3,284,000. Walleye Capital LLC boosted its position 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 acquiring an additional 769,479 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of 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 valued at $196,705,000 after acquiring an additional 1,286,014 shares in the last quarter.

Itaú Unibanco Price Performance

Shares of Itaú Unibanco stock traded down $0.05 during trading on Friday, hitting $6.58. 37,196,922 shares of the company's stock traded hands, compared to its average volume of 25,654,056. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The firm's fifty day moving average price is $6.04 and its 200 day moving average price is $5.40. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.85. The company has a market cap of $70.94 billion, a PE ratio of 8.44, a PEG ratio of 0.89 and a beta of 0.76.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating 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 analyst estimates of $43.07 billion. Analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 6th will be given a $0.0024 dividend. The ex-dividend date is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco's dividend payout ratio (DPR) is presently 2.82%.

Itaú 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.