Mackenzie Financial Corp Boosts Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mackenzie Financial Corp boosted its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 296.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,741 shares of the bank's stock after purchasing an additional 168,100 shares during the period. Mackenzie Financial Corp's holdings in Itaú Unibanco were worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock worth $338,016,000 after purchasing an additional 2,604,304 shares during the last quarter. Blue Trust Inc. grew its holdings in Itaú Unibanco by 12.4% in the 4th quarter. Blue Trust Inc. now owns 52,900 shares of the bank's stock worth $262,000 after acquiring an additional 5,845 shares during the last quarter. Caprock Group LLC bought a new stake in Itaú Unibanco in the 4th quarter worth $295,000. Haven Global Partners LLC purchased a new position in shares of Itaú Unibanco in the fourth quarter valued at about $3,284,000. Finally, Spire Wealth Management increased its position in shares of Itaú Unibanco by 8.2% in the fourth quarter. Spire Wealth Management now owns 44,738 shares of the bank's stock valued at $222,000 after acquiring an additional 3,405 shares during the period.

Itaú Unibanco Trading Down 0.9%

Shares of NYSE:ITUB traded down $0.06 during midday trading on Wednesday, hitting $6.53. 28,571,962 shares of the stock traded hands, compared to its average volume of 25,707,314. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The business's 50 day moving average is $6.10 and its two-hundred day moving average is $5.43. The stock has a market capitalization of $70.40 billion, a PE ratio of 8.37, a P/E/G ratio of 0.89 and a beta of 0.76. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.85.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The business had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. As a group, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th will be paid a $0.0024 dividend. This represents a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, June 3rd. Itaú Unibanco's payout ratio is 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.