Mercer Global Advisors Inc. ADV Sells 20,395 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mercer Global Advisors Inc. ADV lessened its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,229 shares of the bank’s stock after selling 20,395 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Itaú Unibanco were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ITUB. FMR LLC grew its stake in shares of Itaú Unibanco by 117.4% during the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock valued at $253,180,000 after buying an additional 27,559,997 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after buying an additional 2,604,304 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Itaú Unibanco by 9.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock valued at $238,173,000 after buying an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Itaú Unibanco by 3.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock valued at $196,705,000 after buying an additional 1,286,014 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Itaú 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 buying an additional 489,873 shares during the last quarter.

Itaú Unibanco Stock Up 1.4%

Shares of NYSE:ITUB opened at $6.73 on Friday. The stock’s 50-day moving average price is $5.82 and its 200-day moving average price is $5.33. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.73. The stock has a market capitalization of $72.56 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. On average, equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

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