Itau Unibanco Holding S.A. (NYSE:ITUB) Stake Raised by Haven Global Partners LLC

Haven Global Partners LLC boosted its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 682,091 shares of the bank’s stock after buying an additional 20,006 shares during the period. Itau Unibanco makes up about 3.9% of Haven Global Partners LLC’s portfolio, making the stock its 6th biggest holding. Haven Global Partners LLC’s holdings in Itau Unibanco were worth $3,752,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Itau Unibanco by 117.4% in 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Itau 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 acquiring an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Itau Unibanco by 5.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank’s stock worth $230,805,000 after acquiring an additional 2,306,414 shares in the last quarter. Franklin Resources Inc. grew its position in Itau Unibanco by 1.8% in the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock worth $140,812,000 after acquiring an additional 489,873 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Itau Unibanco by 311.4% during the fourth quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank’s stock worth $126,898,000 after acquiring an additional 19,365,644 shares during the last quarter.

Itau Unibanco Trading Down 2.9%

Shares of ITUB stock opened at $6.59 on Thursday. The company has a market cap of $71.05 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.77. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.85. The stock’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $5.58. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74.

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

Itau Unibanco Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be paid a $0.0454 dividend. The ex-dividend date is Wednesday, June 11th. This represents a dividend yield of 6.22%. This is an increase from Itau Unibanco’s previous dividend of $0.00. Itau Unibanco’s dividend payout ratio is currently 26.76%.

Itau 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.