Ethic Inc. Has $574,000 Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Ethic Inc. cut its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,819 shares of the bank's stock after selling 56,987 shares during the quarter. Ethic Inc.'s holdings in Itaú Unibanco were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. acquired a new position in shares of Itaú Unibanco during the 4th quarter worth about $35,000. Mount Yale Investment Advisors LLC acquired a new position in Itaú Unibanco during the fourth quarter valued at approximately $57,000. Signaturefd LLC increased its stake in Itaú Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after purchasing an additional 11,961 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Itaú Unibanco in the fourth quarter worth $67,000. Finally, Peapack Gladstone Financial Corp boosted its position in shares of Itaú Unibanco by 13.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock worth $84,000 after purchasing an additional 2,000 shares in the last quarter.

Itaú Unibanco Trading Up 1.3%

Shares of ITUB traded up $0.09 during trading hours on Monday, reaching $6.81. The stock had a trading volume of 37,035,077 shares, compared to its average volume of 24,858,138. The company has a market cap of $73.42 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.89 and a beta of 0.76. 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 firm has a 50-day moving average of $5.82 and a 200 day moving average of $5.32. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.85.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. On average, sell-side analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

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