Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Todd Asset Management LLC

Key Points

• Todd Asset Management LLC increased its stake in Itau Unibanco Holding S.A. by 10.5% in Q1, now holding 5,802,840 shares valued at approximately $31.9 million.
• Multiple hedge funds including Bessemer Group and Parallel Advisors LLC also acquired new stakes or significantly increased holdings in Itau Unibanco during the first quarter.
• Itau Unibanco recently declared a dividend of $0.0024 with a yield of 43.0%, reflecting its current dividend payout ratio of 32.39%.

Todd Asset Management LLC boosted its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,802,840 shares of the bank's stock after acquiring an additional 550,396 shares during the quarter. Todd Asset Management LLC owned 0.05% of Itau Unibanco worth $31,916,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in Itau Unibanco in the fourth quarter worth approximately $35,000. Parallel Advisors LLC grew its position in shares of 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 buying an additional 6,781 shares in the last quarter. Alta Capital Management LLC purchased a new position in shares of Itau Unibanco during the first quarter valued at $62,000. Sagespring Wealth Partners LLC bought a new stake in shares of Itau Unibanco in the fourth quarter valued at about $67,000. Finally, Waverly Advisors LLC purchased a new stake in Itau Unibanco in the fourth quarter worth about $67,000.

Analyst Ratings Changes

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

Itau Unibanco Stock Down 0.5%

Shares of NYSE ITUB traded down $0.04 during trading hours on Thursday, hitting $6.98. 29,159,955 shares of the stock were exchanged, compared to its average volume of 28,694,777. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $7.13. The firm has a fifty day moving average price of $6.58 and a 200-day moving average price of $6.03. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. The company has a market cap of $75.20 billion, a PE ratio of 9.89, a PEG ratio of 1.10 and a beta of 0.74.

Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $44.75 billion. On average, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.0024 per share. The ex-dividend date was Wednesday, July 2nd. This represents a yield of 43.0%. Itau Unibanco's dividend payout ratio is presently 32.39%.

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.