Mondrian Investment Partners LTD Boosts Holdings in 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 raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Itau Unibanco by 29.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,562 shares of the bank's stock valued at $141,000 after purchasing an additional 5,743 shares during the period. TT International Asset Management LTD purchased a new position in shares of Itau Unibanco during the 1st quarter valued at about $17,826,000. INCA Investments LLC lifted its position in shares of Itau Unibanco by 10.0% during the 1st quarter. INCA Investments LLC now owns 1,247,501 shares of the bank's stock valued at $6,861,000 after buying an additional 113,409 shares in the last quarter. Banco Santander S.A. lifted its position in shares of Itau Unibanco by 222.8% during the 1st quarter. Banco Santander S.A. now owns 155,795 shares of the bank's stock valued at $857,000 after buying an additional 107,527 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of 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 buying an additional 23,402 shares in the last quarter.

Itau Unibanco Stock Performance

Shares of ITUB stock traded down $0.01 during trading hours on Friday, reaching $6.96. 27,047,154 shares of the company traded hands, compared to its average volume of 29,769,468. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.13. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market cap of $75.04 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.08 and a beta of 0.74. The firm has a 50-day moving average price of $6.60 and a 200 day moving average price of $6.05.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. The firm had revenue of $7.14 billion for the quarter, compared to analysts' expectations of $44.75 billion. As a group, sell-side 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 declared a dividend, which was paid on Friday, August 8th. Investors 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 reaffirmed a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th.

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.