Capital Research Global Investors Has $105.77 Million Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Capital Research Global Investors raised its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 460.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,262,082 shares of the bank’s stock after purchasing an additional 12,539,737 shares during the period. Capital Research Global Investors’ holdings in Itaú Unibanco were worth $105,766,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ITUB. Raymond James & Associates increased its holdings in shares of Itaú Unibanco by 7.1% during the fourth quarter. Raymond James & Associates now owns 341,799 shares of the bank’s stock worth $2,376,000 after buying an additional 22,726 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in Itaú Unibanco by 13.9% during the fourth quarter. Schechter Investment Advisors LLC now owns 17,654 shares of the bank’s stock valued at $123,000 after acquiring an additional 2,152 shares during the last quarter. Altfest L J & Co. Inc. boosted its position in Itaú Unibanco by 525.7% during the fourth quarter. Altfest L J & Co. Inc. now owns 69,674 shares of the bank’s stock valued at $484,000 after acquiring an additional 58,538 shares during the last quarter. Caprock Group LLC boosted its position in Itaú Unibanco by 25.4% during the fourth quarter. Caprock Group LLC now owns 26,652 shares of the bank’s stock valued at $187,000 after acquiring an additional 5,401 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Itaú Unibanco by 4.7% during the fourth quarter. Fifth Third Bancorp now owns 140,287 shares of the bank’s stock valued at $975,000 after acquiring an additional 6,245 shares during the last quarter.

Itaú Unibanco Stock Up 0.5 %

Shares of ITUB stock traded up $0.03 on Friday, reaching $6.06. 9,789,610 shares of the company were exchanged, compared to its average volume of 14,714,478. The company has a market cap of $59.39 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.75 and a beta of 0.97. The company has a 50-day moving average of $6.04 and a 200-day moving average of $6.44. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.54 and a quick ratio of 1.54. Itaú Unibanco Holding S.A. has a one year low of $5.12 and a one year high of $7.27.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data on Monday, May 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Itaú Unibanco had a net margin of 11.09% and a return on equity of 18.73%. The company had revenue of $8.49 billion for the quarter, compared to analysts’ expectations of $8.34 billion. Analysts anticipate that Itaú Unibanco Holding S.A. will post 0.81 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, September 9th. Investors of record on Friday, August 2nd will be issued a $0.0478 dividend. The ex-dividend date is Friday, August 2nd. This is a positive change from Itaú Unibanco’s previous Variable dividend of $0.00. Itaú Unibanco’s dividend payout ratio is currently 4.05%.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th.

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.