Envestnet Asset Management Inc. Has $6.69 Million Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Envestnet Asset Management Inc. boosted its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,215,961 shares of the bank's stock after acquiring an additional 163,899 shares during the period. Envestnet Asset Management Inc.'s holdings in Itau Unibanco were worth $6,688,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quattro Financial Advisors LLC lifted its holdings in Itau Unibanco by 10.0% in the first quarter. Quattro Financial Advisors LLC now owns 330,000 shares of the bank's stock worth $1,815,000 after acquiring an additional 30,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Itau Unibanco by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 179,022 shares of the bank's stock valued at $985,000 after purchasing an additional 11,376 shares during the period. Generali Investments CEE investicni spolecnost a.s. increased its stake in shares of Itau Unibanco by 10.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 267,799 shares of the bank's stock valued at $1,473,000 after purchasing an additional 24,345 shares during the period. Calamos Advisors LLC increased its stake in shares of Itau Unibanco by 10.2% in the first quarter. Calamos Advisors LLC now owns 284,895 shares of the bank's stock valued at $1,567,000 after purchasing an additional 26,270 shares during the period. Finally, Checchi Capital Advisers LLC increased its stake in shares of Itau Unibanco by 55.0% in the first quarter. Checchi Capital Advisers LLC now owns 24,792 shares of the bank's stock valued at $136,000 after purchasing an additional 8,796 shares during the period.

Itau Unibanco Price Performance

Itau Unibanco stock traded up $0.02 during mid-day trading on Friday, hitting $6.37. The company's stock had a trading volume of 27,028,010 shares, compared to its average volume of 27,083,136. 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 $68.62 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.99 and a beta of 0.76. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.95. The stock's fifty day moving average price is $6.60 and its two-hundred day moving average price is $5.88.

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

Itau Unibanco Cuts Dividend

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

Analyst Ratings Changes

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