Barings LLC Raises Stake in Itau Unibanco Holding S.A. (NYSE:ITUB)

Barings LLC boosted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 10.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,514,547 shares of the bank’s stock after purchasing an additional 137,686 shares during the period. Barings LLC’s holdings in Itau Unibanco were worth $8,330,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in shares of Itau Unibanco during the fourth quarter worth $35,000. Parallel Advisors LLC boosted its position in Itau Unibanco by 707.1% in the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock worth $43,000 after purchasing an additional 6,781 shares in the last quarter. Alta Capital Management LLC purchased a new stake in Itau Unibanco in the 1st quarter worth approximately $62,000. Sagespring Wealth Partners LLC purchased a new stake in Itau Unibanco in the 4th quarter worth approximately $67,000. Finally, Waverly Advisors LLC purchased a new stake in Itau Unibanco in the 4th quarter worth approximately $67,000.

Wall Street Analyst Weigh In

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

Itau Unibanco Stock Up 0.5%

ITUB stock opened at $6.30 on Friday. The stock has a market capitalization of $67.92 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.97 and a beta of 0.75. The firm has a 50-day simple moving average of $6.55 and a 200-day simple moving average of $5.92. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. Itau Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.95.

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

Itau Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.0024 per share. This represents a yield of 43.0%. The ex-dividend date of this dividend is Wednesday, July 2nd. Itau Unibanco’s dividend payout ratio is currently 4.23%.

Itau 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.