Franklin Resources Inc. Decreases Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Franklin Resources Inc. lessened its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,611,252 shares of the bank’s stock after selling 1,216,798 shares during the quarter. Franklin Resources Inc.’s holdings in Itaú Unibanco were worth $191,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ITUB. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Itaú Unibanco in the 3rd quarter valued at $28,000. Victory Capital Management Inc. grew its stake in Itaú Unibanco by 9.8% in the 3rd quarter. Victory Capital Management Inc. now owns 7,087,447 shares of the bank’s stock valued at $38,060,000 after acquiring an additional 629,707 shares during the period. Barclays PLC grew its stake in Itaú Unibanco by 60.2% in the 3rd quarter. Barclays PLC now owns 469,784 shares of the bank’s stock valued at $2,522,000 after acquiring an additional 176,603 shares during the period. Quantbot Technologies LP acquired a new stake in Itaú Unibanco in the 3rd quarter valued at $1,102,000. Finally, Pekin Hardy Strauss Inc. grew its stake in Itaú Unibanco by 5.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 115,995 shares of the bank’s stock valued at $623,000 after acquiring an additional 5,495 shares during the period.

Itaú Unibanco Trading Down 1.7 %

Shares of NYSE ITUB traded down $0.11 during trading on Wednesday, hitting $6.34. 4,836,207 shares of the company were exchanged, compared to its average volume of 17,057,213. Itaú Unibanco Holding S.A. has a 12-month low of $5.08 and a 12-month high of $7.27. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.25. The company has a fifty day moving average price of $6.49 and a 200-day moving average price of $6.59.

Itaú Unibanco Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 4th will be issued a $0.003 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.04 annualized dividend and a yield of 0.57%. Itaú Unibanco’s dividend payout ratio (DPR) is currently 5.41%.

About Itaú 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.