Crossmark Global Holdings Inc. Acquires 51,447 Shares of Itau Unibanco Holding S.A. (NYSE:ITUB)

Crossmark Global Holdings Inc. raised its stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 539,314 shares of the bank's stock after buying an additional 51,447 shares during the period. Crossmark Global Holdings Inc.'s holdings in Itau Unibanco were worth $2,966,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in Itau Unibanco by 117.4% during the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank's stock valued at $253,180,000 after purchasing an additional 27,559,997 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Itau Unibanco by 9.5% during 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 period. Robeco Institutional Asset Management B.V. raised its stake in 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 valued at $230,805,000 after purchasing an additional 2,306,414 shares during the period. Franklin Resources Inc. raised its stake in Itau 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 purchasing an additional 489,873 shares during the period. Finally, Bank of America Corp DE raised its stake in Itau Unibanco by 311.4% during the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock valued at $126,898,000 after purchasing an additional 19,365,644 shares during the period.

Wall Street Analysts Forecast Growth

Separately, UBS Group restated a "neutral" rating on shares of Itau Unibanco in a report on Thursday.

Itau Unibanco Stock Down 4.3%

Shares of Itau Unibanco stock traded down $0.29 on Thursday, hitting $6.36. 52,426,260 shares of the company traded hands, compared to its average volume of 26,187,164. The company has a 50-day moving average price of $6.61 and a 200 day moving average price of $5.72. 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 12-month low of $4.42 and a 12-month high of $6.95. The company has a market cap of $68.60 billion, a PE ratio of 9.00, a PEG ratio of 1.03 and a beta of 0.76.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating 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 business had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. Sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Cuts Dividend

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