Silvercrest Asset Management Group LLC Invests $11.84 Million in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Silvercrest Asset Management Group LLC purchased a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,387,918 shares of the bank's stock, valued at approximately $11,844,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Itaú Unibanco in the fourth quarter worth about $2,843,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Itaú Unibanco by 84.1% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,612,786 shares of the bank's stock valued at $12,959,000 after acquiring an additional 1,193,556 shares in the last quarter. Millennium Management LLC raised its holdings in Itaú Unibanco by 386.7% in the 4th quarter. Millennium Management LLC now owns 1,690,002 shares of the bank's stock worth $8,382,000 after acquiring an additional 1,342,791 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Itaú Unibanco in the 4th quarter worth approximately $71,054,000. Finally, Eagle Global Advisors LLC lifted its position in Itaú Unibanco by 50.7% in the 4th quarter. Eagle Global Advisors LLC now owns 410,000 shares of the bank's stock valued at $2,034,000 after acquiring an additional 138,000 shares in the last quarter.

Itaú Unibanco Stock Down 1.8%

Shares of Itaú Unibanco stock traded down $0.13 on Wednesday, reaching $6.64. The company's stock had a trading volume of 28,947,638 shares, compared to its average volume of 24,991,844. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.85. The firm's fifty day simple moving average is $5.88 and its two-hundred day simple moving average is $5.34. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $71.53 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.89 and a beta of 0.76.

Itaú 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. The company had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be given a dividend of $0.0024 per share. The ex-dividend date is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco's dividend payout ratio (DPR) is 2.82%.

Itaú 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.