Wealth Enhancement Advisory Services LLC Grows Stake in Itau Unibanco Holding S.A. (NYSE:ITUB)

Wealth Enhancement Advisory Services LLC increased its position in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 29.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,386 shares of the bank's stock after acquiring an additional 46,942 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Itau Unibanco were worth $1,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 purchasing an additional 27,559,997 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Itau Unibanco by 9.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock worth $238,173,000 after purchasing an additional 4,151,459 shares during the period. Franklin Resources Inc. lifted its stake in shares of Itau Unibanco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock worth $140,812,000 after purchasing an additional 489,873 shares during the period. Bank of America Corp DE lifted its stake in shares of 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. Finally, Dodge & Cox lifted its stake in shares of Itau Unibanco by 6.8% during the 4th quarter. Dodge & Cox now owns 16,621,005 shares of the bank's stock worth $82,440,000 after purchasing an additional 1,058,400 shares during the period.

Itau Unibanco Trading Up 2.1%

Shares of Itau Unibanco stock traded up $0.14 during trading hours on Friday, reaching $6.95. 16,924,075 shares of the company's stock were exchanged, compared to its average volume of 26,045,622. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.95. The firm has a market capitalization of $74.97 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.07 and a beta of 0.76. The company has a fifty day moving average of $6.58 and a 200-day moving average of $5.67. 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 issued its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. Sell-side analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $0.0024 dividend. This represents a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 2nd. Itau Unibanco's dividend payout ratio (DPR) is presently 4.23%.

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.