Perpetual Ltd Raises Stock Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Perpetual Ltd raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,031,037 shares of the bank's stock after purchasing an additional 1,349,543 shares during the quarter. Perpetual Ltd owned 0.14% of Itau Unibanco worth $82,671,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in Itau 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 purchasing an additional 27,559,997 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Itau Unibanco by 9.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock valued at $238,173,000 after purchasing an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Itau Unibanco by 5.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank's stock worth $230,805,000 after buying an additional 2,306,414 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Itau Unibanco by 1.8% in the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock worth $140,812,000 after buying an additional 489,873 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Itau Unibanco by 311.4% in the fourth quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock worth $126,898,000 after buying an additional 19,365,644 shares during the last quarter.

Itau Unibanco Stock Performance

Shares of ITUB traded up $0.19 during mid-day trading on Monday, reaching $6.81. The company had a trading volume of 46,497,727 shares, compared to its average volume of 26,019,649. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.85. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $73.42 billion, a P/E ratio of 9.63, a PEG ratio of 1.03 and a beta of 0.76. The stock has a 50 day moving average of $6.51 and a two-hundred day moving average of $5.63.

Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. On average, analysts expect that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be paid a $0.0454 dividend. This is an increase from Itau Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a dividend yield of 6.22%. Itau Unibanco's dividend payout ratio is presently 26.76%.

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.