Sequoia Financial Advisors LLC Raises Stock Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Sequoia Financial Advisors LLC lifted its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 57.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,009 shares of the bank’s stock after buying an additional 23,402 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Itau Unibanco were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC increased its holdings in Itau Unibanco by 117.4% during the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock worth $253,180,000 after purchasing an additional 27,559,997 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Itau Unibanco by 9.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock valued at $238,173,000 after acquiring an additional 4,151,459 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Itau Unibanco by 5.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank’s stock valued at $230,805,000 after acquiring an additional 2,306,414 shares during the period. Franklin Resources Inc. increased its holdings in shares of Itau Unibanco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock valued at $140,812,000 after acquiring an additional 489,873 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Itau Unibanco by 311.4% in the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank’s stock valued at $126,898,000 after acquiring an additional 19,365,644 shares during the period.

Itau Unibanco Trading Up 2.1%

Shares of NYSE:ITUB opened at $6.95 on Friday. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.95. The business’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $5.66. The company has a market capitalization of $74.97 billion, a PE ratio of 9.83, a P/E/G ratio of 1.06 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results 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 return on equity of 19.35% and a net margin of 11.85%. The business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. As a group, equities research analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.0024 per share. The ex-dividend date is Wednesday, July 2nd. This represents a yield of 0.43%. Itau Unibanco’s dividend payout ratio (DPR) is 4.23%.

Itau 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.