Wexford Capital LP Buys 80,000 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Wexford Capital LP increased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 24.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 403,625 shares of the bank’s stock after acquiring an additional 80,000 shares during the period. Wexford Capital LP’s holdings in Itaú Unibanco were worth $2,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ITUB. FMR LLC lifted its position in shares of Itaú Unibanco by 117.4% during the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock worth $253,180,000 after buying an additional 27,559,997 shares during the period. Bank of America Corp DE raised its position in Itaú Unibanco by 311.4% in the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank’s stock valued at $126,898,000 after purchasing an additional 19,365,644 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Itaú Unibanco in the 4th quarter valued at $71,054,000. Renaissance Technologies LLC raised its position in Itaú Unibanco by 75.0% in the 4th quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank’s stock valued at $54,340,000 after purchasing an additional 4,694,303 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Itaú Unibanco by 9.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock valued at $238,173,000 after purchasing an additional 4,151,459 shares during the last quarter.

Itaú Unibanco Trading Up 1.4%

Shares of ITUB opened at $6.73 on Monday. The stock has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $5.32. 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 Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.84. The company has a market cap of $72.56 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.89 and a beta of 0.76.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

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

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.