Robeco Institutional Asset Management B.V. Raises Stake in Itau Unibanco Holding S.A. (NYSE:ITUB)

Robeco Institutional Asset Management B.V. lifted its stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,964,629 shares of the bank's stock after purchasing an additional 2,306,414 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.39% of Itau Unibanco worth $230,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC increased its holdings in Itau Unibanco by 15.3% in the first quarter. HBK Sorce Advisory LLC now owns 34,081 shares of the bank's stock valued at $187,000 after buying an additional 4,510 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Itau Unibanco by 15.3% in the 1st quarter. Spire Wealth Management now owns 51,590 shares of the bank's stock worth $284,000 after acquiring an additional 6,852 shares during the period. Moran Wealth Management LLC grew its holdings in shares of Itau Unibanco by 16.0% in the 1st quarter. Moran Wealth Management LLC now owns 823,756 shares of the bank's stock worth $4,531,000 after acquiring an additional 113,618 shares during the period. Sava Infond d.o.o. increased its stake in Itau Unibanco by 10.0% in the 1st quarter. Sava Infond d.o.o. now owns 138,600 shares of the bank's stock valued at $762,000 after purchasing an additional 12,600 shares in the last quarter. Finally, TT International Asset Management LTD acquired a new position in Itau Unibanco during the first quarter worth $17,826,000.

Itau Unibanco Price Performance

ITUB traded up $0.01 during trading on Thursday, reaching $6.60. 39,640,929 shares of the stock were exchanged, compared to its average volume of 25,874,337. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $71.10 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.77. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.85. The business's 50 day moving average price is $6.45 and its two-hundred day moving average price is $5.58.

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

Itau Unibanco Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.0454 per share. This represents a dividend yield of 6.22%. This is a boost from Itau Unibanco's previous dividend of $0.00. The ex-dividend date is Wednesday, June 11th. Itau Unibanco's dividend payout ratio (DPR) is 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.