Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Todd Asset Management LLC

Todd Asset Management LLC raised its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 10.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,802,840 shares of the bank’s stock after purchasing an additional 550,396 shares during the quarter. Todd Asset Management LLC owned 0.05% of Itau Unibanco worth $31,916,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in Itau Unibanco in the fourth quarter valued at $35,000. Parallel Advisors LLC boosted its holdings in Itau Unibanco by 707.1% in the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock valued at $43,000 after purchasing an additional 6,781 shares during the last quarter. Alta Capital Management LLC purchased a new stake in Itau Unibanco in the first quarter valued at $62,000. Tuttle Capital Management LLC purchased a new stake in Itau Unibanco in the first quarter valued at $67,000. Finally, Waverly Advisors LLC purchased a new stake in Itau Unibanco in the fourth quarter valued at $67,000.

Analyst Upgrades and Downgrades

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

Itau Unibanco Trading Up 0.3%

ITUB stock opened at $6.85 on Monday. The company’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.95. The firm has a market cap of $73.85 billion, a P/E ratio of 9.71, a PEG ratio of 1.06 and a beta of 0.74.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. As a group, equities analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were paid a $0.0024 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a yield of 43.0%. Itau Unibanco’s dividend payout ratio (DPR) is currently 32.39%.

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.