Moran Wealth Management LLC Has $4.53 Million Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Moran Wealth Management LLC increased its stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 823,756 shares of the bank's stock after purchasing an additional 113,618 shares during the period. Moran Wealth Management LLC's holdings in Itau Unibanco were worth $4,531,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in shares of Itau Unibanco during the fourth quarter worth approximately $35,000. Parallel Advisors LLC grew its holdings in Itau Unibanco by 707.1% during the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock worth $43,000 after acquiring an additional 6,781 shares during the period. Alta Capital Management LLC bought a new stake in shares of Itau Unibanco during the 1st quarter valued at $62,000. Tuttle Capital Management LLC acquired a new position in shares of Itau Unibanco in the 1st quarter valued at $67,000. Finally, Signaturefd LLC boosted its position in shares of Itau Unibanco by 4,000.3% in 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.

Itau Unibanco Trading Up 0.1%

Shares of Itau Unibanco stock traded up $0.01 during trading on Thursday, reaching $6.60. 39,640,929 shares of the company were exchanged, compared to its average volume of 25,874,337. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.85. The business has a 50-day moving average price of $6.45 and a 200-day moving average price of $5.58. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. The firm has a market capitalization of $71.10 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.77.

Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly 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. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. The company had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. Sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.0454 per share. This represents a dividend yield of 6.22%. This is a boost from Itau Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 11th. Itau Unibanco's dividend payout ratio (DPR) is currently 26.76%.

About Itau 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.