Kathmere Capital Management LLC Takes Position in Itau Unibanco Holding S.A. (NYSE:ITUB)

Kathmere Capital Management LLC acquired a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 1st quarter, Holdings Channel.com reports. The fund acquired 15,166 shares of the bank’s stock, valued at approximately $83,000.

Several other institutional investors have also recently modified their holdings of ITUB. Bessemer Group Inc. acquired a new stake in shares of Itau Unibanco during the 4th quarter worth about $35,000. Parallel Advisors LLC boosted its position in Itau Unibanco by 707.1% during the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock worth $43,000 after acquiring an additional 6,781 shares during the last quarter. Alta Capital Management LLC purchased a new stake in Itau Unibanco in the 1st quarter worth approximately $62,000. Tuttle Capital Management LLC acquired a new position in Itau Unibanco in the 1st quarter valued at $67,000. Finally, Signaturefd LLC lifted its stake in shares of Itau Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after purchasing an additional 11,961 shares during the period.

Analyst Upgrades and Downgrades

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

Itau Unibanco Price Performance

ITUB opened at $6.26 on Tuesday. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.95. The company’s 50 day simple moving average is $6.61 and its 200 day simple moving average is $5.77. The stock has a market capitalization of $67.43 billion, a PE ratio of 8.84, a P/E/G ratio of 0.98 and a beta of 0.76. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.74 and a current ratio of 1.74.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. As a group, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a $0.0024 dividend. This represents a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 2nd. Itau Unibanco’s payout ratio is currently 4.23%.

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.