Wealth Enhancement Advisory Services LLC Sells 3,364 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Wealth Enhancement Advisory Services LLC lowered its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,444 shares of the bank’s stock after selling 3,364 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Itaú Unibanco were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bessemer Group Inc. bought a new position in Itaú Unibanco in the 4th quarter valued at approximately $35,000. Signaturefd LLC raised its holdings in Itaú Unibanco by 4,000.3% in the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock valued at $61,000 after buying an additional 11,961 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in Itaú Unibanco in the 4th quarter valued at approximately $67,000. Waverly Advisors LLC bought a new position in Itaú Unibanco during the 4th quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp raised its holdings in Itaú Unibanco by 13.4% during the 4th 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 during the last quarter.

Itaú Unibanco Stock Down 0.1%

Itaú Unibanco stock opened at $6.56 on Tuesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. Itaú Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.85. The firm has a 50 day moving average price of $6.16 and a two-hundred day moving average price of $5.45. The firm has a market cap of $70.67 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.89 and a beta of 0.77.

Itaú Unibanco (NYSE:ITUB) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $43.07 billion. Equities analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.0454 per share. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a yield of 6.22%. Itaú Unibanco’s dividend payout ratio (DPR) is presently 29.58%.

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.