Rhumbline Advisers Has $1.82 Million Stock Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Rhumbline Advisers raised its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 13.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 331,474 shares of the bank's stock after acquiring an additional 39,776 shares during the quarter. Rhumbline Advisers' holdings in Itau Unibanco were worth $1,823,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Itau Unibanco by 117.4% during the fourth 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 lifted its holdings 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 worth $238,173,000 after buying an additional 4,151,459 shares in the last quarter. Franklin Resources Inc. boosted its position in Itau Unibanco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after buying an additional 489,873 shares during the last quarter. Bank of America Corp DE boosted its position in Itau Unibanco by 311.4% in 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 buying an additional 19,365,644 shares during the last quarter. Finally, Dodge & Cox increased its stake in shares of Itau Unibanco by 6.8% in the 4th quarter. Dodge & Cox now owns 16,621,005 shares of the bank's stock valued at $82,440,000 after buying an additional 1,058,400 shares during the period.

Itau Unibanco Trading Down 0.7%

ITUB stock traded down $0.05 during midday trading on Friday, reaching $6.64. The stock had a trading volume of 9,173,441 shares, compared to its average volume of 25,730,436. The firm has a market cap of $71.53 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.04 and a beta of 0.77. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month 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 business has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $5.53.

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

Itau Unibanco Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, September 8th. Shareholders 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 (DPR) is currently 2.82%.

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.