Banco Santander S.A. Acquires 107,527 Shares of Itau Unibanco Holding S.A. (NYSE:ITUB)

Banco Santander S.A. raised its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 222.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 155,795 shares of the bank’s stock after buying an additional 107,527 shares during the period. Banco Santander S.A.’s holdings in Itau Unibanco were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. bought a new position in shares of Itau Unibanco during the fourth quarter valued at about $35,000. Parallel Advisors LLC lifted its position in shares of Itau Unibanco by 707.1% during the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock valued at $43,000 after purchasing an additional 6,781 shares in the last quarter. Alta Capital Management LLC bought a new position in shares of Itau Unibanco during the first quarter valued at about $62,000. Tuttle Capital Management LLC bought a new position in shares of Itau Unibanco during the first quarter valued at about $67,000. Finally, Waverly Advisors LLC bought a new position in shares of Itau Unibanco during the fourth quarter valued at about $67,000.

Itau Unibanco Stock Up 2.3%

ITUB opened at $6.44 on Tuesday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. The company’s 50-day moving average is $6.55 and its 200 day moving average is $5.95. Itau Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.95. The firm has a market capitalization of $69.38 billion, a P/E ratio of 9.10, a PEG ratio of 0.98 and a beta of 0.75.

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

Itau Unibanco Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.