Constellation Investimentos e Participacoes Ltda trimmed its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 84.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,590 shares of the bank's stock after selling 2,139,610 shares during the quarter. Itaú Unibanco accounts for approximately 6.1% of Constellation Investimentos e Participacoes Ltda's investment portfolio, making the stock its 4th biggest position. Constellation Investimentos e Participacoes Ltda's holdings in Itaú Unibanco were worth $2,203,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Metis Global Partners LLC lifted its stake in Itaú Unibanco by 7.4% during the fourth quarter. Metis Global Partners LLC now owns 27,876 shares of the bank's stock worth $138,000 after purchasing an additional 1,925 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Itaú Unibanco by 13.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock valued at $84,000 after acquiring an additional 2,000 shares in the last quarter. Union Bancaire Privee UBP SA increased its stake in Itaú Unibanco by 10.0% in the first quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank's stock valued at $121,000 after purchasing an additional 2,000 shares during the last quarter. Fielder Capital Group LLC increased its stake in Itaú Unibanco by 13.2% during the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock worth $85,000 after acquiring an additional 2,001 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC grew its stake in shares of Itaú Unibanco by 26.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 14,465 shares of the bank's stock valued at $80,000 after buying an additional 3,050 shares in the last quarter.
Itaú Unibanco Price Performance
Shares of NYSE ITUB opened at $6.74 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The business has a 50 day moving average price of $6.29 and a two-hundred day moving average price of $5.50. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.85. The firm has a market cap of $72.66 billion, a PE 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 announced its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. Sell-side 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 firm also recently declared a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.0454 per share. This is an increase from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a dividend yield of 6.22%. Itaú Unibanco's payout ratio is currently 2.82%.
About Itaú Unibanco
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report).
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