Handelsbanken Fonder AB Makes New Investment in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Handelsbanken Fonder AB purchased a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 107,037 shares of the bank's stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. acquired a new position in shares of Itaú Unibanco in the 4th quarter valued at approximately $35,000. Parallel Advisors LLC raised its holdings in Itaú Unibanco by 707.1% in the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after acquiring an additional 6,781 shares in the last quarter. Signaturefd LLC boosted its stake in Itaú Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after acquiring an additional 11,961 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in Itaú Unibanco during the 4th quarter worth $67,000. Finally, Waverly Advisors LLC bought a new stake in shares of Itaú Unibanco in the 4th quarter worth about $67,000.

Itaú Unibanco Stock Up 2.7%

NYSE ITUB traded up $0.18 on Monday, hitting $6.74. 20,428,633 shares of the stock traded hands, compared to its average volume of 25,808,870. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average of $6.26 and a 200 day moving average of $5.49. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.85. The company has a market capitalization of $72.66 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.77.

Itaú 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, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.0454 per share. This represents a yield of 6.22%. This is a positive change from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date is Wednesday, June 11th. Itaú Unibanco's payout ratio is presently 2.82%.

Itaú 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.