Millennium Management LLC Raises Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Millennium Management LLC boosted its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 386.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,690,002 shares of the bank's stock after purchasing an additional 1,342,791 shares during the period. Millennium Management LLC's holdings in Itaú Unibanco were worth $8,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in shares of Itaú Unibanco by 117.4% during the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank's stock valued at $253,180,000 after buying an additional 27,559,997 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after buying an additional 2,604,304 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Itaú Unibanco by 9.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock worth $238,173,000 after acquiring an additional 4,151,459 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock valued at $196,705,000 after buying an additional 1,286,014 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Itaú Unibanco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after acquiring an additional 489,873 shares during the last quarter.

Itaú Unibanco Stock Performance

ITUB traded down $0.08 on Friday, reaching $6.56. The company had a trading volume of 9,100,493 shares, compared to its average volume of 25,495,023. The stock has a market capitalization of $70.67 billion, a PE ratio of 8.38, a P/E/G ratio of 0.89 and a beta of 0.76. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.85. The stock has a 50-day moving average price of $6.02 and a 200-day moving average price of $5.40. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. As a group, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS 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 $0.0024 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a dividend yield of 0.46%. Itaú Unibanco's dividend payout ratio (DPR) is currently 2.82%.

Itaú 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.