Voloridge Investment Management LLC Purchases 3,521,518 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Voloridge Investment Management LLC increased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 127.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,290,328 shares of the bank's stock after acquiring an additional 3,521,518 shares during the period. Voloridge Investment Management LLC owned 0.06% of Itaú Unibanco worth $31,200,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in Itaú Unibanco during the 4th quarter worth $35,000. Mount Yale Investment Advisors LLC bought a new position in shares of Itaú Unibanco in the fourth quarter worth about $57,000. Signaturefd LLC lifted its position in shares of Itaú Unibanco by 4,000.3% during the 4th 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. Waverly Advisors LLC bought a new stake in Itaú Unibanco during the 4th quarter valued at approximately $67,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in Itaú Unibanco in the 4th quarter valued at approximately $67,000.

Itaú Unibanco Stock Performance

Shares of ITUB stock traded up $0.10 during trading hours on Tuesday, reaching $6.75. 16,448,604 shares of the company's stock were exchanged, compared to its average volume of 25,282,649. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.85. 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 stock has a market capitalization of $72.72 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.89 and a beta of 0.76. The business has a fifty day moving average price of $5.96 and a 200-day moving average price of $5.37.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 12.25% and a return on equity of 19.46%. Analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be paid a $0.0024 dividend. This represents a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, May 5th. Itaú Unibanco's payout ratio is presently 2.82%.

About Itaú Unibanco

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.