Itau Unibanco Holding S.A. (NYSE:ITUB) Stock Holdings Lifted by Seafarer Capital Partners LLC

Key Points

• Seafarer Capital Partners LLC increased its stake in Itau Unibanco by 10%, now owning approximately 11.19 million shares, which constitutes 19.9% of its holdings.
• Several institutional investors have also significantly increased their holdings in Itau Unibanco, with FMR LLC raising its stake by 117.4% during the last quarter.
• Itau Unibanco is currently trading down 3.2%, with a recent share price of $6.17 and a dividend yield of 0.43%.

Seafarer Capital Partners LLC increased its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,191,400 shares of the bank's stock after acquiring an additional 1,017,400 shares during the period. Itau Unibanco comprises 19.9% of Seafarer Capital Partners LLC's portfolio, making the stock its 3rd biggest position. Seafarer Capital Partners LLC owned about 0.10% of Itau Unibanco worth $61,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITUB. FMR LLC lifted its stake in shares of Itau Unibanco by 117.4% during the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank's stock worth $253,180,000 after acquiring an additional 27,559,997 shares during the last quarter. Bank of America Corp DE increased its holdings 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 worth $126,898,000 after purchasing an additional 19,365,644 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Itau Unibanco during the 4th quarter worth $71,054,000. Renaissance Technologies LLC increased its holdings in Itau Unibanco by 75.0% during 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 increased its holdings in Itau Unibanco by 127.2% during 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 Stock Up 0.9%

Shares of NYSE:ITUB traded up $0.06 on Friday, reaching $6.33. The company had a trading volume of 19,718,931 shares, compared to its average volume of 28,299,939. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.95. The firm's 50 day simple moving average is $6.56 and its 200-day simple moving average is $5.91. The firm has a market capitalization of $68.19 billion, a PE ratio of 8.94, a PEG ratio of 0.97 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43.

Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. As a group, analysts expect that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.0024 per share. This represents a yield of 43.0%. The ex-dividend date is Wednesday, July 2nd. Itau Unibanco's payout ratio is 4.23%.

Wall Street Analyst Weigh In

Separately, UBS Group restated a "neutral" rating on shares of Itau Unibanco in a report on Thursday, July 10th.

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.