Stratos Wealth Partners LTD. Takes Position in Itau Unibanco Holding S.A. (NYSE:ITUB)

Stratos Wealth Partners LTD. acquired a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,256 shares of the bank’s stock, valued at approximately $106,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Itau Unibanco by 27.3% in the fourth quarter. Bank of New York Mellon Corp now owns 167,646 shares of the bank’s stock valued at $832,000 after acquiring an additional 35,994 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Itau Unibanco during the fourth quarter worth $1,918,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Itau Unibanco by 145.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 189,329 shares of the bank’s stock valued at $939,000 after acquiring an additional 112,096 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Itau Unibanco in the 4th quarter worth approximately $1,854,000. Finally, Signaturefd LLC boosted its holdings in shares of Itau Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after purchasing an additional 11,961 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, UBS Group restated a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th.

Itau Unibanco Price Performance

Itau Unibanco stock opened at $6.46 on Friday. Itau Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.95. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $69.59 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76. The stock has a fifty day moving average of $6.63 and a 200-day moving average of $5.79.

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, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. On average, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a $0.0024 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a yield of 0.43%. Itau Unibanco’s dividend payout ratio is presently 4.23%.

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.