Rhumbline Advisers Purchases 39,776 Shares of Itau Unibanco Holding S.A. (NYSE:ITUB)

Rhumbline Advisers lifted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 331,474 shares of the bank's stock after buying an additional 39,776 shares during the period. Rhumbline Advisers' holdings in Itau Unibanco were worth $1,823,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Itau Unibanco by 707.1% in the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after purchasing an additional 6,781 shares during the period. GAMMA Investing LLC increased its holdings in Itau Unibanco by 442.4% in the first quarter. GAMMA Investing LLC now owns 24,750 shares of the bank's stock valued at $136,000 after purchasing an additional 20,187 shares during the period. Boston Common Asset Management LLC increased its holdings in Itau Unibanco by 15.1% in the first quarter. Boston Common Asset Management LLC now owns 1,612,969 shares of the bank's stock valued at $8,871,000 after purchasing an additional 211,701 shares during the period. Mackenzie Financial Corp increased its holdings in Itau Unibanco by 296.8% in the fourth quarter. Mackenzie Financial Corp now owns 224,741 shares of the bank's stock valued at $1,115,000 after purchasing an additional 168,100 shares during the period. Finally, GTS Securities LLC acquired a new stake in Itau Unibanco in the fourth quarter valued at $103,000.

Itau Unibanco Trading Down 0.7%

NYSE ITUB traded down $0.05 on Friday, reaching $6.63. The company had a trading volume of 17,549,784 shares, compared to its average volume of 25,740,544. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.03 and a beta of 0.77. Itau Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.85. The business has a 50 day moving average of $6.39 and a two-hundred day moving average of $5.55. 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 (NYSE:ITUB - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. Analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current 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 given a dividend of $0.0454 per share. The ex-dividend date is Wednesday, June 11th. This represents a yield of 6.22%. This is a boost from Itau Unibanco's previous dividend of $0.00. Itau Unibanco's dividend payout ratio is 30.99%.

About Itau Unibanco

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.