Handelsbanken Fonder AB Purchases Shares of 107,037 Itaú Unibanco Holding S.A. (NYSE:ITUB)

Handelsbanken Fonder AB acquired a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 107,037 shares of the bank’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. increased its holdings in Itaú Unibanco by 1.8% in 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. Walleye Capital LLC increased its holdings in shares of Itaú Unibanco by 5,310.8% in the 4th quarter. Walleye Capital LLC now owns 783,968 shares of the bank’s stock valued at $3,888,000 after acquiring an additional 769,479 shares during the last quarter. Blueshift Asset Management LLC raised its position in shares of Itaú Unibanco by 198.4% during the 4th quarter. Blueshift Asset Management LLC now owns 125,310 shares of the bank’s stock worth $622,000 after acquiring an additional 83,320 shares in the last quarter. Amundi raised its position in shares of Itaú Unibanco by 5.3% during the 4th quarter. Amundi now owns 1,469,409 shares of the bank’s stock worth $7,494,000 after acquiring an additional 73,922 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Itaú Unibanco by 145.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 189,329 shares of the bank’s stock worth $939,000 after purchasing an additional 112,096 shares during the last quarter.

Itaú Unibanco Stock Performance

Shares of ITUB opened at $6.54 on Monday. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.85. The stock has a 50 day moving average price of $6.26 and a 200 day moving average price of $5.49. The company has a market capitalization of $70.51 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.89 and a beta of 0.77.

Itaú Unibanco (NYSE:ITUB) last posted its earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $43.07 billion. Research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently disclosed 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 dividend yield of 6.22%. Itaú Unibanco’s dividend payout ratio (DPR) is presently 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.