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

Teachers Retirement System of The State of Kentucky grew its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,439,139 shares of the bank's stock after purchasing 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 SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp increased its stake in shares of Itau Unibanco by 13.4% in the 4th 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 grew its position in Itau Unibanco by 10.0% in the 1st 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 period. Cerity Partners LLC grew its position in Itau Unibanco by 4.1% in the 1st quarter. Cerity Partners LLC now owns 68,922 shares of the bank's stock valued at $379,000 after purchasing an additional 2,694 shares during the period. Elevation Point Wealth Partners LLC grew its position in Itau Unibanco by 26.7% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 14,465 shares of the bank's stock valued at $80,000 after purchasing an additional 3,050 shares during the period. Finally, Gould Asset Management LLC CA grew its position in Itau Unibanco by 10.0% in the 1st quarter. Gould Asset Management LLC CA now owns 40,295 shares of the bank's stock valued at $222,000 after purchasing an additional 3,660 shares during the period.

Analyst Upgrades and Downgrades

Separately, UBS Group reissued a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th.

Itau Unibanco Stock Down 1.3%

ITUB traded down $0.09 during mid-day trading on Thursday, reaching $6.37. 9,685,966 shares of the stock were exchanged, compared to its average volume of 28,378,768. 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 market capitalization of $68.62 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76. The company has a 50 day moving average price of $6.61 and a two-hundred day moving average price of $5.84. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.95.

Itau Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. As a group, research analysts anticipate 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. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.0024 per share. This represents a dividend yield of 0.43%. The ex-dividend date is Wednesday, July 2nd. Itau Unibanco's payout ratio is 4.23%.

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.