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

Crossmark Global Holdings Inc. increased its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.5% in the 1st quarter, according to its most recent 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 quarter. Crossmark Global Holdings Inc.'s holdings in Itau Unibanco were worth $2,966,000 at the end of the most recent reporting period.

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

Itau Unibanco Stock Performance

Shares of ITUB stock traded down $0.07 during trading hours on Friday, reaching $6.30. 40,787,859 shares of the company traded hands, compared to its average volume of 26,345,580. 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 debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $67.92 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.76. The firm has a 50-day moving average price of $6.61 and a 200 day moving average price of $5.75.

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 analysts' consensus estimates of $0.16 by $0.02. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. The firm had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. As a group, sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.