Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Bought by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC increased its stake in Itau Unibanco by 26.1%, owning a total of 517,000 shares worth approximately $2,844,000 as of its latest SEC filing.
• Itau Unibanco recently announced a dividend yield of 43.0%, paying a $0.0024 dividend to stockholders of record, reflecting its current payout ratio of 32.39%.
• Analysts forecast that Itau Unibanco will post 0.8 earnings per share for the current year, with a recent earnings report matching expectations at $0.18 EPS.

Eagle Global Advisors LLC lifted its position in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 517,000 shares of the bank's stock after buying an additional 107,000 shares during the quarter. Eagle Global Advisors LLC's holdings in Itau Unibanco were worth $2,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Itau Unibanco by 311.4% in the fourth 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. D. E. Shaw & Co. Inc. purchased a new position in Itau Unibanco in the fourth quarter valued at $71,054,000. Voloridge Investment Management LLC boosted its holdings in Itau Unibanco by 127.2% in the fourth quarter. Voloridge Investment Management LLC now owns 6,290,328 shares of the bank's stock valued at $31,200,000 after purchasing an additional 3,521,518 shares during the period. TT International Asset Management LTD purchased a new position in Itau Unibanco in the first quarter valued at $17,826,000. Finally, Jane Street Group LLC boosted its holdings in Itau Unibanco by 495.7% in the fourth quarter. Jane Street Group LLC now owns 2,897,014 shares of the bank's stock valued at $14,369,000 after purchasing an additional 2,410,712 shares during the period.

Itau Unibanco Stock Down 0.5%

NYSE:ITUB traded down $0.04 during midday trading on Thursday, reaching $6.98. The company had a trading volume of 29,159,955 shares, compared to its average volume of 28,694,777. The firm has a market capitalization of $75.20 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.10 and a beta of 0.74. The stock's fifty day simple moving average is $6.58 and its 200-day simple moving average is $6.03. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.13. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. The company had revenue of $7.14 billion for the quarter, compared to analysts' expectations of $44.75 billion. On average, sell-side analysts anticipate 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 was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a $0.0024 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a yield of 43.0%. Itau Unibanco's dividend payout ratio (DPR) is currently 32.39%.

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a "neutral" rating on shares of Itau Unibanco in a report on Thursday, July 10th.

Itau 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.