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

Matthews International Capital Management LLC increased its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 690.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,013,725 shares of the bank's stock after buying an additional 885,524 shares during the quarter. Itau Unibanco comprises approximately 1.2% of Matthews International Capital Management LLC's holdings, making the stock its 20th largest position. Matthews International Capital Management LLC's holdings in Itau Unibanco were worth $5,575,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ITUB. Bessemer Group Inc. bought a new position in shares of Itau Unibanco during the fourth quarter worth about $35,000. Parallel Advisors LLC grew its position in shares of Itau Unibanco by 707.1% during the first 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 last quarter. Tuttle Capital Management LLC bought a new position in shares of Itau Unibanco during the first quarter worth about $67,000. Signaturefd LLC grew its position in shares of Itau Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after acquiring an additional 11,961 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new stake in Itau Unibanco in the fourth quarter worth about $67,000.

Itau Unibanco Price Performance

ITUB traded down $0.05 on Friday, reaching $6.63. The company had a trading volume of 17,549,784 shares, compared to its average volume of 25,740,544. The company has a fifty day moving average of $6.39 and a 200-day moving average of $5.55. The company has a market capitalization of $71.52 billion, a P/E ratio of 9.38, a PEG ratio of 1.03 and a beta of 0.77. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.85.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The business had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. As a group, equities 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 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. The ex-dividend date of this dividend is Wednesday, June 11th. This is a boost from Itau Unibanco's previous dividend of $0.00. This represents a dividend yield of 6.22%. Itau Unibanco's dividend payout ratio (DPR) is 30.99%.

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.