Itau Unibanco (NYSE:ITUB) Hits New 52-Week High - Here's Why

Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $6.85 and last traded at $6.84, with a volume of 11015692 shares. The stock had previously closed at $6.65.

Itau Unibanco Trading Up 0.4%

The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $71.42 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.02 and a beta of 0.77. The business's 50-day moving average price is $6.47 and its two-hundred day moving average price is $5.59.

Itau Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company 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%. Research analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.0454 per share. The ex-dividend date is Wednesday, June 11th. This is an increase from Itau Unibanco's previous dividend of $0.00. This represents a dividend yield of 6.22%. Itau Unibanco's dividend payout ratio is 26.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Itau Unibanco by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after acquiring an additional 489,873 shares during the last quarter. Walleye Capital LLC increased its holdings in Itau 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 purchasing an additional 769,479 shares during the period. TT International Asset Management LTD acquired a new stake in Itau Unibanco in the first quarter valued at $17,826,000. Rhumbline Advisers lifted its holdings in Itau Unibanco by 13.6% during the 1st quarter. Rhumbline Advisers now owns 331,474 shares of the bank's stock worth $1,823,000 after buying an additional 39,776 shares during the period. Finally, Handelsbanken Fonder AB acquired a new position in Itau Unibanco during the 1st quarter worth about $589,000.

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.