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

Crossmark Global Holdings Inc. boosted its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in Itau Unibanco during the fourth quarter valued at about $35,000. Parallel Advisors LLC boosted its stake in shares of Itau Unibanco by 707.1% during the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock worth $43,000 after acquiring an additional 6,781 shares in the last quarter. Alta Capital Management LLC bought a new stake in shares of Itau Unibanco during the 1st quarter worth about $62,000. Tuttle Capital Management LLC bought a new stake in shares of Itau Unibanco during the 1st quarter worth about $67,000. Finally, Signaturefd LLC boosted its stake in shares of Itau Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after acquiring an additional 11,961 shares in the last quarter.

Itau Unibanco Stock Performance

Shares of ITUB stock traded down $0.07 during trading hours on Friday, reaching $6.30. 40,787,844 shares of the company's stock were exchanged, compared to its average volume of 26,245,334. Itau Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week 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 stock has a market capitalization of $67.92 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.03 and a beta of 0.76. The business has a fifty day moving average price of $6.61 and a 200-day moving average price of $5.73.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data 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. 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 predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Cuts Dividend

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

Analysts Set New Price Targets

Separately, UBS Group reiterated a "neutral" rating on shares of Itau Unibanco in a research note on Thursday.

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.