Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Matthews International Capital Management LLC

Matthews International Capital Management LLC grew its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 690.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,013,725 shares of the bank's stock after acquiring an additional 885,524 shares during the period. Itau Unibanco comprises 1.2% of Matthews International Capital Management LLC's holdings, making the stock its 20th biggest position. Matthews International Capital Management LLC's holdings in Itau Unibanco were worth $5,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Itau Unibanco during the 4th quarter worth approximately $35,000. Parallel Advisors LLC grew its position in Itau Unibanco by 707.1% during the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after buying an additional 6,781 shares during the period. Signaturefd LLC grew its position in Itau Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after buying an additional 11,961 shares during the period. Sagespring Wealth Partners LLC acquired a new position in shares of Itau Unibanco in the fourth quarter worth about $67,000. Finally, Waverly Advisors LLC acquired a new position in shares of Itau Unibanco in the fourth quarter worth about $67,000.

Itau Unibanco Price Performance

Shares of ITUB stock traded down $0.05 during mid-day trading on Friday, hitting $6.64. 6,519,266 shares of the stock were exchanged, compared to its average volume of 25,719,884. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.85. The firm has a fifty day moving average of $6.36 and a 200 day moving average of $5.53. The company has a market cap of $71.53 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.04 and a beta of 0.77.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $7.93 billion during 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%. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.0454 per share. This represents a dividend yield of 6.22%. The ex-dividend date of this dividend is Wednesday, June 11th. This is an increase from Itau Unibanco's previous dividend of $0.00. Itau Unibanco's dividend payout ratio is 2.82%.

Itau Unibanco Company 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.