May Hill Capital LLC Buys New Position in Itau Unibanco Holding S.A. (NYSE:ITUB)

May Hill Capital LLC bought a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,483 shares of the bank’s stock, valued at approximately $85,000.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Itau Unibanco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock valued at $140,812,000 after acquiring an additional 489,873 shares during the last quarter. TT International Asset Management LTD acquired a new position in Itau Unibanco in the first quarter worth about $17,826,000. INCA Investments LLC boosted its stake in Itau Unibanco by 10.0% in the 1st quarter. INCA Investments LLC now owns 1,247,501 shares of the bank’s stock valued at $6,861,000 after buying an additional 113,409 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Itau Unibanco by 57.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,009 shares of the bank’s stock valued at $352,000 after purchasing an additional 23,402 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Itau Unibanco by 13.6% in the first quarter. Rhumbline Advisers now owns 331,474 shares of the bank’s stock worth $1,823,000 after purchasing an additional 39,776 shares in the last quarter.

Itau Unibanco Trading Down 0.3%

Shares of ITUB opened at $6.82 on Wednesday. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.95. The stock’s fifty day simple moving average is $6.60 and its 200-day simple moving average is $5.71. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. The firm has a market capitalization of $73.53 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.06 and a beta of 0.76.

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

Itau Unibanco Cuts Dividend

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