BNP Paribas Financial Markets Reduces Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

BNP Paribas Financial Markets cut its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUBFree Report) by 49.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,627 shares of the bank’s stock after selling 201,836 shares during the period. BNP Paribas Financial Markets’ holdings in Itaú Unibanco were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. National Bank of Canada FI raised its holdings in Itaú Unibanco by 20,555.6% during the 4th quarter. National Bank of Canada FI now owns 7,436 shares of the bank’s stock valued at $51,000 after buying an additional 7,400 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of Itaú Unibanco in the 4th quarter worth about $244,000. Sapient Capital LLC purchased a new position in shares of Itaú Unibanco during the 4th quarter worth about $186,000. M&T Bank Corp bought a new position in Itaú Unibanco during the 4th quarter valued at about $93,000. Finally, Natixis Advisors L.P. grew its holdings in Itaú Unibanco by 8.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,913,360 shares of the bank’s stock valued at $13,297,000 after purchasing an additional 148,404 shares during the last quarter.

Itaú Unibanco Stock Down 1.1 %

Shares of NYSE:ITUB opened at $6.17 on Monday. The firm has a market capitalization of $60.47 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.79 and a beta of 0.95. The business has a 50 day simple moving average of $6.45 and a two-hundred day simple moving average of $6.59. Itaú Unibanco Holding S.A. has a 1 year low of $5.08 and a 1 year high of $7.27. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.54 and a quick ratio of 1.30.

Itaú Unibanco Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, June 4th. Itaú Unibanco’s payout ratio is currently 4.05%.

Itaú Unibanco Company Profile

(Free Report)

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.

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

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