Itau Unibanco Holding S.A. (NYSE:ITUB) Position Raised by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,439,139 shares of the bank's stock after acquiring an additional 312,649 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Itau Unibanco were worth $18,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of Itau Unibanco in the fourth quarter valued at $35,000. Parallel Advisors LLC grew its position in Itau Unibanco by 707.1% in the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after purchasing an additional 6,781 shares during the period. Signaturefd LLC lifted its stake in Itau 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 in the last quarter. Alta Capital Management LLC bought a new stake in shares of Itau Unibanco during the 1st quarter worth $62,000. Finally, Sagespring Wealth Partners LLC bought a new stake in Itau Unibanco in the 4th quarter valued at about $67,000.

Itau Unibanco Trading Down 1.3%

ITUB stock traded down $0.09 during midday trading on Tuesday, reaching $6.31. The company's stock had a trading volume of 27,852,066 shares, compared to its average volume of 26,619,249. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a fifty day simple moving average of $6.62 and a two-hundred day simple moving average of $5.82. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.95. The firm has a market capitalization of $67.97 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.98 and a beta of 0.76.

Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. On average, equities research analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

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

Analyst Ratings Changes

Separately, UBS Group reissued 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.