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

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 29.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in Itau Unibanco during the fourth quarter worth $35,000. Parallel Advisors LLC lifted its position in Itau Unibanco by 707.1% during the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after acquiring an additional 6,781 shares during the last quarter. Signaturefd LLC grew its stake in shares of Itau Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after acquiring an additional 11,961 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Itau Unibanco during the fourth quarter worth $67,000. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Itau Unibanco in the fourth quarter worth about $67,000.

Itau Unibanco Stock Performance

NYSE ITUB traded up $0.02 on Wednesday, hitting $6.81. 25,202,801 shares of the company's stock traded hands, compared to its average volume of 28,440,508. The firm has a market capitalization of $73.42 billion, a PE ratio of 9.63, a P/E/G ratio of 1.05 and a beta of 0.76. Itau Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $6.86. The firm's 50-day moving average price is $6.53 and its two-hundred day moving average price is $5.63. 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 posted its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $7.93 billion during the quarter, compared to analyst estimates of $43.07 billion. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. As a group, analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.0024 per share. This represents a dividend yield of 0.43%. The ex-dividend date is Wednesday, July 2nd. Itau Unibanco's payout ratio is 26.76%.

About Itau 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.