Itaú Unibanco Holding S.A. (NYSE:ITUB) Stock Holdings Lowered by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 91.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,296 shares of the bank’s stock after selling 507,862 shares during the period. Edgestream Partners L.P.’s holdings in Itaú Unibanco were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Schroder Investment Management Group grew its position in Itaú Unibanco by 6.9% in the 1st quarter. Schroder Investment Management Group now owns 162,001,882 shares of the bank’s stock valued at $803,530,000 after buying an additional 10,507,325 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Itaú Unibanco by 40.4% in the 2nd quarter. Baillie Gifford & Co. now owns 50,921,312 shares of the bank’s stock valued at $306,036,000 after acquiring an additional 14,665,460 shares during the last quarter. Westwood Global Investments LLC lifted its holdings in Itaú Unibanco by 4.7% in the 1st quarter. Westwood Global Investments LLC now owns 47,474,946 shares of the bank’s stock valued at $235,476,000 after acquiring an additional 2,131,784 shares during the last quarter. BlackRock Inc. lifted its holdings in Itaú Unibanco by 30.6% in the 1st quarter. BlackRock Inc. now owns 35,797,424 shares of the bank’s stock valued at $177,556,000 after acquiring an additional 8,397,697 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Itaú Unibanco by 1.0% in the 1st quarter. Franklin Resources Inc. now owns 28,519,556 shares of the bank’s stock valued at $141,457,000 after acquiring an additional 268,607 shares during the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Shares of NYSE ITUB opened at $5.24 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.83. Itaú Unibanco Holding S.A. has a twelve month low of $3.88 and a twelve month high of $6.76. The company has a market capitalization of $51.35 billion, a price-to-earnings ratio of 9.89 and a beta of 0.83. The firm has a 50-day moving average of $5.69 and a two-hundred day moving average of $5.49.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Monday, August 2nd. The bank reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Itaú Unibanco had a net margin of 17.21% and a return on equity of 17.09%. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.19 billion. As a group, research analysts predict that Itaú Unibanco Holding S.A. will post 0.51 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 12th. Shareholders of record on Monday, October 4th will be paid a dividend of $0.0029 per share. The ex-dividend date of this dividend is Friday, October 1st. This is a positive change from Itaú Unibanco’s previous monthly dividend of $0.00. This represents a $0.03 dividend on an annualized basis and a yield of 0.66%. Itaú Unibanco’s dividend payout ratio is currently 7.50%.

Separately, Zacks Investment Research raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Thursday, July 29th.

Itaú Unibanco Company Profile

Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. It operates through the following segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. The Retail Banking segment includes credit cards, asset management, insurance, pension plan and capitalization products, and a variety of credit products and services for individuals and small companies.

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Institutional Ownership by Quarter for Itaú Unibanco (NYSE:ITUB)

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