Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 98.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,000 shares of the bank's stock after selling 11,818,775 shares during the period. Two Sigma Investments LP's holdings in Itaú Unibanco were worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in shares of Itaú 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 purchasing an additional 489,873 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after buying an additional 2,604,304 shares during the period. Walleye Capital LLC lifted its position in Itaú Unibanco by 5,310.8% in the fourth quarter. Walleye Capital LLC now owns 783,968 shares of the bank's stock valued at $3,888,000 after buying an additional 769,479 shares during the last quarter. Blueshift Asset Management LLC raised its stake in shares of Itaú Unibanco by 198.4% in the 4th quarter. Blueshift Asset Management LLC now owns 125,310 shares of the bank's stock valued at $622,000 after acquiring an additional 83,320 shares during the period. Finally, Amundi lifted its holdings in shares of Itaú Unibanco by 5.3% in the 4th quarter. Amundi now owns 1,469,409 shares of the bank's stock worth $7,494,000 after acquiring an additional 73,922 shares during the last quarter.

Itaú Unibanco Trading Down 0.1%

NYSE ITUB traded down $0.01 on Monday, reaching $6.56. The stock had a trading volume of 26,718,954 shares, compared to its average volume of 25,816,964. 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 stock has a fifty day moving average price of $6.14 and a two-hundred day moving average price of $5.44. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.85. The firm has a market capitalization of $70.67 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.89 and a beta of 0.76.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The business had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. As a group, sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.0454 per share. This represents a dividend yield of 6.22%. The ex-dividend date is Wednesday, June 11th. This is a boost from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio is currently 29.58%.

About Itaú 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.