Man Group plc Decreases Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Man Group plc lowered its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 97.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,564 shares of the bank's stock after selling 7,496,909 shares during the quarter. Man Group plc's holdings in Itaú Unibanco were worth $881,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Itaú Unibanco by 84.1% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,612,786 shares of the bank's stock worth $12,959,000 after purchasing an additional 1,193,556 shares during the last quarter. Millennium Management LLC increased its stake in Itaú Unibanco by 386.7% during the 4th quarter. Millennium Management LLC now owns 1,690,002 shares of the bank's stock valued at $8,382,000 after purchasing an additional 1,342,791 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Itaú Unibanco in the fourth quarter worth about $71,054,000. Eagle Global Advisors LLC lifted its stake in shares of Itaú Unibanco by 50.7% in the fourth quarter. Eagle Global Advisors LLC now owns 410,000 shares of the bank's stock worth $2,034,000 after buying an additional 138,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Itaú Unibanco by 0.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,795,485 shares of the bank's stock valued at $8,906,000 after buying an additional 12,378 shares during the last quarter.

Itaú Unibanco Stock Down 1.0%

Shares of ITUB traded down $0.07 on Friday, hitting $6.57. 10,117,766 shares of the stock traded hands, compared to its average volume of 25,496,017. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.85. The company has a market capitalization of $70.78 billion, a PE ratio of 8.40, a P/E/G ratio of 0.89 and a beta of 0.76. The business has a 50 day simple moving average of $6.02 and a 200 day simple moving average of $5.40. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.0024 per share. This represents a yield of 0.46%. The ex-dividend date is Monday, May 5th. Itaú Unibanco's dividend payout ratio is currently 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.