Mondrian Investment Partners LTD Buys 374,082 Shares of Itau Unibanco Holding S.A. (NYSE:ITUB)

Key Points

• Mondrian Investment Partners LTD increased its stake in Itau Unibanco by 8.8%, owning 4,603,099 shares valued at approximately $25.3 million after acquiring an additional 374,082 shares in Q1.
• Itau Unibanco recently reported an EPS of $0.18 for the quarter, matching analyst expectations, and had revenue of $7.14 billion against a consensus of $44.75 billion.
• The company announced a dividend yield of 43.0% for a recent payout of $0.0024 per share, with a low payout ratio of 4.23%.

Mondrian Investment Partners LTD grew its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,603,099 shares of the bank's stock after purchasing an additional 374,082 shares during the quarter. Mondrian Investment Partners LTD's holdings in Itau Unibanco were worth $25,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fielder Capital Group LLC grew its holdings in Itau Unibanco by 10.0% in the 1st quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank's stock worth $103,000 after buying an additional 1,710 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of Itau Unibanco by 10.0% during the 1st quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank's stock valued at $121,000 after acquiring an additional 2,000 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Itau Unibanco by 21.6% in the first quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank's stock valued at $76,000 after purchasing an additional 2,468 shares in the last quarter. Ameraudi Asset Management Inc. lifted its holdings in shares of Itau Unibanco by 10.0% in the first quarter. Ameraudi Asset Management Inc. now owns 27,665 shares of the bank's stock valued at $152,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Itau Unibanco by 4.1% in the first quarter. Cerity Partners LLC now owns 68,922 shares of the bank's stock worth $379,000 after acquiring an additional 2,694 shares during the last quarter.

Itau Unibanco Price Performance

NYSE ITUB traded down $0.01 during trading hours on Friday, reaching $6.96. 27,047,154 shares of the company's stock were exchanged, compared to its average volume of 29,769,468. The stock has a market cap of $75.04 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.74. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $7.13. The firm has a fifty day moving average of $6.60 and a 200-day moving average of $6.06. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39.

Itau Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. On average, equities research analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were issued a $0.0024 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a yield of 43.0%. Itau Unibanco's payout ratio is currently 4.23%.

Analyst Upgrades and Downgrades

Separately, UBS Group reissued a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th.

Itau 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.