Mirae Asset Global Investments Co. Ltd. Increases Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Mirae Asset Global Investments Co. Ltd. increased its position in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,134,247 shares of the bank's stock after buying an additional 106,568 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Itau Unibanco were worth $5,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in Itau Unibanco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after purchasing an additional 489,873 shares during the period. TT International Asset Management LTD acquired a new stake in Itau Unibanco during the 1st quarter valued at approximately $17,826,000. Sequoia Financial Advisors LLC increased its position in Itau Unibanco by 57.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 64,009 shares of the bank's stock valued at $352,000 after purchasing an additional 23,402 shares during the period. Walleye Capital LLC increased its position in Itau Unibanco by 5,310.8% during the 4th quarter. Walleye Capital LLC now owns 783,968 shares of the bank's stock valued at $3,888,000 after purchasing an additional 769,479 shares during the period. Finally, Rhumbline Advisers increased its position in Itau Unibanco by 13.6% during the 1st quarter. Rhumbline Advisers now owns 331,474 shares of the bank's stock valued at $1,823,000 after purchasing an additional 39,776 shares during the period.

Itau Unibanco Trading Up 2.1%

NYSE:ITUB traded up $0.14 on Friday, reaching $6.95. 16,924,075 shares of the stock traded hands, compared to its average volume of 26,045,622. The firm has a market capitalization of $74.97 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.07 and a beta of 0.76. The company's 50 day moving average is $6.58 and its 200-day moving average is $5.67. 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 1-year low of $4.42 and a 1-year high of $6.95.

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

Itau Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a $0.0024 dividend. This represents a dividend yield of 0.43%. The ex-dividend date is Wednesday, July 2nd. Itau Unibanco's dividend payout ratio is currently 4.23%.

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.