Crossmark Global Holdings Inc. Raises Position in Itau Unibanco Holding S.A. (NYSE:ITUB)

Crossmark Global Holdings Inc. grew its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 539,314 shares of the bank's stock after purchasing 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 SEC filing.

A number of other large investors have also recently modified their holdings of ITUB. Bank of New York Mellon Corp boosted its stake in shares of Itau Unibanco by 27.3% during the 4th quarter. Bank of New York Mellon Corp now owns 167,646 shares of the bank's stock valued at $832,000 after purchasing an additional 35,994 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Itau Unibanco during the fourth quarter worth about $1,918,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Itau Unibanco during the fourth quarter worth about $94,000. Amundi boosted its stake in Itau Unibanco by 5.3% during the fourth quarter. Amundi now owns 1,469,409 shares of the bank's stock worth $7,494,000 after acquiring an additional 73,922 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Itau Unibanco by 145.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 189,329 shares of the bank's stock worth $939,000 after acquiring an additional 112,096 shares in the last quarter.

Itau Unibanco Stock Down 2.5%

NYSE:ITUB traded down $0.17 during mid-day trading on Wednesday, hitting $6.64. 20,829,482 shares of the company's stock were exchanged, compared to its average volume of 26,001,163. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.95. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. The business has a fifty day moving average price of $6.60 and a 200 day moving average price of $5.71. The company has a market cap of $71.59 billion, a PE ratio of 9.39, a P/E/G ratio of 1.06 and a beta of 0.76.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping 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 analyst estimates of $43.07 billion. Equities analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS 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 paid a dividend of $0.0024 per share. This represents a yield of 0.43%. The ex-dividend date is Wednesday, July 2nd. Itau Unibanco's payout ratio is currently 4.23%.

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.