Capital World Investors Raises Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Capital World Investors grew its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 64.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,654,237 shares of the bank’s stock after buying an additional 3,390,463 shares during the period. Capital World Investors’ holdings in Itaú Unibanco were worth $59,974,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ITUB. Sequoia Financial Advisors LLC raised its holdings in Itaú Unibanco by 4.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 40,389 shares of the bank’s stock valued at $281,000 after acquiring an additional 1,584 shares during the period. GAMMA Investing LLC raised its stake in Itaú Unibanco by 67.0% during the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,755 shares during the period. Schechter Investment Advisors LLC lifted its holdings in Itaú Unibanco by 13.9% in the 4th quarter. Schechter Investment Advisors LLC now owns 17,654 shares of the bank’s stock worth $123,000 after purchasing an additional 2,152 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Itaú Unibanco by 54.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock worth $56,000 after purchasing an additional 2,838 shares during the period. Finally, Altfest L J & Co. Inc. grew its holdings in Itaú Unibanco by 4.9% during the 1st quarter. Altfest L J & Co. Inc. now owns 73,065 shares of the bank’s stock valued at $506,000 after buying an additional 3,391 shares in the last quarter.

Itaú Unibanco Price Performance

NYSE:ITUB opened at $6.06 on Friday. The business’s 50-day moving average is $6.04 and its 200 day moving average is $6.43. Itaú Unibanco Holding S.A. has a 12 month low of $5.12 and a 12 month high of $7.27. The company has a market capitalization of $59.39 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.75 and a beta of 0.97. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.37.

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. The business had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.34 billion. Itaú Unibanco had a return on equity of 18.73% and a net margin of 11.09%. On average, equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.81 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.0478 per share. 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 (DPR) is 4.05%.

Wall Street Analysts Forecast Growth

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

Itaú 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.