Itaú Unibanco Holding S.A. (NYSE:ITUB) Holdings Cut by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in Itaú Unibanco Holding S.A. (NYSE:ITUBGet Rating) by 7.7% in the first quarter, Holdings Channel reports. The institutional investor owned 165,146 shares of the bank’s stock after selling 13,700 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Itaú Unibanco were worth $955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Comerica Bank lifted its position in Itaú Unibanco by 2.1% in the 1st quarter. Comerica Bank now owns 151,841 shares of the bank’s stock worth $850,000 after buying an additional 3,125 shares in the last quarter. Gould Asset Management LLC CA raised its holdings in shares of Itaú Unibanco by 24.4% during the 4th quarter. Gould Asset Management LLC CA now owns 29,370 shares of the bank’s stock valued at $110,000 after purchasing an additional 5,760 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Itaú Unibanco by 88.4% during the 4th quarter. Toronto Dominion Bank now owns 19,261 shares of the bank’s stock valued at $72,000 after purchasing an additional 9,036 shares in the last quarter. Liontrust Investment Partners LLP raised its holdings in shares of Itaú Unibanco by 2.9% during the 4th quarter. Liontrust Investment Partners LLP now owns 341,443 shares of the bank’s stock valued at $1,280,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Itaú Unibanco by 4.6% during the 4th quarter. Profund Advisors LLC now owns 232,906 shares of the bank’s stock valued at $873,000 after purchasing an additional 10,294 shares in the last quarter. Hedge funds and other institutional investors own 8.66% of the company’s stock.

Itaú Unibanco Stock Down 1.6 %

Itaú Unibanco stock opened at $4.19 on Friday. The company has a market capitalization of $41.06 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.43 and a beta of 0.87. The firm’s fifty day simple moving average is $4.68 and its 200-day simple moving average is $4.84. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.10. Itaú Unibanco Holding S.A. has a 1-year low of $3.60 and a 1-year high of $6.09.

Itaú Unibanco (NYSE:ITUBGet Rating) last released its quarterly earnings results on Monday, May 9th. The bank reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $6.69 billion for the quarter. Itaú Unibanco had a net margin of 12.84% and a return on equity of 16.01%. Sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.62 earnings per share for the current fiscal year.

Itaú Unibanco Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 12th. Investors of record on Tuesday, August 2nd will be issued a $0.003 dividend. The ex-dividend date of this dividend is Monday, August 1st. This represents a $0.04 annualized dividend and a yield of 0.86%. Itaú Unibanco’s dividend payout ratio (DPR) is presently 7.55%.

Itaú Unibanco Profile

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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 and Corporation. It offers various deposit products, as well as loans and credit cards; investment and commercial banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services.

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Institutional Ownership by Quarter for Itaú Unibanco (NYSE:ITUB)

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