Rhumbline Advisers Acquires 39,776 Shares of Itau Unibanco Holding S.A. (NYSE:ITUB)

Rhumbline Advisers grew its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,474 shares of the bank’s stock after buying an additional 39,776 shares during the quarter. Rhumbline Advisers’ holdings in Itau Unibanco were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Itau Unibanco by 117.4% in the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock valued at $253,180,000 after purchasing an additional 27,559,997 shares in the last quarter. Bank of America Corp DE grew its position in shares of Itau Unibanco by 311.4% in the fourth quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank’s stock valued at $126,898,000 after purchasing an additional 19,365,644 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Itau Unibanco in the 4th quarter valued at $71,054,000. Renaissance Technologies LLC grew its stake in shares of Itau Unibanco by 75.0% in the fourth quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank’s stock valued at $54,340,000 after acquiring an additional 4,694,303 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Itau Unibanco by 9.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock worth $238,173,000 after purchasing an additional 4,151,459 shares during the period.

Itau Unibanco Price Performance

Shares of NYSE ITUB opened at $6.75 on Wednesday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. Itau Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.85. The stock has a market capitalization of $72.72 billion, a PE ratio of 9.54, a P/E/G ratio of 1.18 and a beta of 0.77. The business has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $5.51.

Itau 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. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $43.07 billion. As a group, equities analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.0454 per share. This represents a yield of 6.22%. This is a boost from Itau Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 11th. Itau Unibanco’s dividend payout ratio is currently 30.99%.

About Itau Unibanco

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.