MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,108 shares of the bank's stock after selling 58,709 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Itaú Unibanco were worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of Itaú Unibanco in the fourth quarter worth approximately $35,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Itaú Unibanco in the fourth quarter worth approximately $57,000. Signaturefd LLC boosted its holdings in shares of Itaú Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after buying an additional 11,961 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Itaú Unibanco in the fourth quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp boosted its holdings 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 worth $84,000 after buying an additional 2,000 shares during the last quarter.

Itaú Unibanco Price Performance

NYSE:ITUB traded up $0.01 during trading hours on Thursday, hitting $6.65. 9,960,999 shares of the stock traded hands, compared to its average volume of 28,448,779. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.85. The company has a market cap of $71.64 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. The stock has a 50 day moving average price of $6.00 and a 200 day moving average price of $5.39.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly 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 net margin of 12.25% and a return on equity of 19.46%. The business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. Sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.0024 per share. This represents a yield of 0.46%. The ex-dividend date is Monday, May 5th. Itaú Unibanco's dividend payout ratio is currently 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.