Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,773,359 shares of the bank’s stock after selling 344,642 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Itaú Unibanco worth $28,636,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after purchasing an additional 2,604,304 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Itaú Unibanco by 1.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 487,867 shares of the bank’s stock valued at $2,420,000 after purchasing an additional 4,636 shares during the last quarter. Blue Trust Inc. lifted its stake in Itaú Unibanco by 12.4% during the fourth quarter. Blue Trust Inc. now owns 52,900 shares of the bank’s stock valued at $262,000 after purchasing an additional 5,845 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Itaú Unibanco during the fourth quarter worth approximately $100,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Itaú Unibanco in the fourth quarter worth approximately $57,000.

Itaú Unibanco Price Performance

NYSE ITUB opened at $6.67 on Friday. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.85. The business’s fifty day moving average is $5.94 and its two-hundred day moving average is $5.37. The stock has a market capitalization of $71.86 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.89 and a beta of 0.76. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34.

Itaú Unibanco (NYSE:ITUB) last announced its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. On average, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.0024 per share. The ex-dividend date is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco’s payout ratio is presently 2.82%.

Itaú Unibanco Company 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.