Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Itau Unibanco by 31.8% in the first quarter, now owning 2,660,338 shares worth approximately $14.63 million.
• Itau Unibanco reported earnings of $0.18 per share for the quarter, surpassing analysts' expectations of $0.16, with a revenue of $7.93 billion.
• The company announced a dividend of $0.0024 per share, with a yield of 43.0%, scheduled for payment on August 8th.

Natixis Advisors LLC raised its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 31.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,660,338 shares of the bank's stock after purchasing an additional 641,518 shares during the quarter. Natixis Advisors LLC's holdings in Itau Unibanco were worth $14,632,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its stake in Itau Unibanco by 117.4% in the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank's stock worth $253,180,000 after purchasing an additional 27,559,997 shares in the last quarter. Bank of America Corp DE lifted its stake in Itau Unibanco by 311.4% during the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock valued at $126,898,000 after acquiring an additional 19,365,644 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Itau Unibanco in the 4th quarter worth approximately $71,054,000. Renaissance Technologies LLC lifted its stake in shares of Itau Unibanco by 75.0% in the 4th quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank's stock worth $54,340,000 after purchasing an additional 4,694,303 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Itau Unibanco by 127.2% in the 4th quarter. Voloridge Investment Management LLC now owns 6,290,328 shares of the bank's stock worth $31,200,000 after purchasing an additional 3,521,518 shares during the period.

Itau Unibanco Trading Up 2.5%

Shares of NYSE:ITUB traded up $0.17 during trading on Thursday, hitting $6.82. The company had a trading volume of 27,351,658 shares, compared to its average volume of 28,519,104. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.95. The stock has a market cap of $73.47 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. The company has a fifty day simple moving average of $6.54 and a two-hundred day simple moving average of $5.96.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly 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 for the quarter, compared to analysts' expectations of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.50%. As a group, equities analysts forecast that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a $0.0024 dividend. This represents a dividend yield of 43.0%. The ex-dividend date is Wednesday, July 2nd. Itau Unibanco's dividend payout ratio (DPR) is currently 4.23%.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a "neutral" rating on shares of Itau Unibanco in a 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.