Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 571.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,888 shares of the bank’s stock after purchasing an additional 5,862 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Itaú Unibanco were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Itaú Unibanco by 67.0% during the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock worth $30,000 after purchasing an additional 1,755 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Itaú Unibanco during the 4th quarter worth approximately $36,000. National Bank of Canada FI boosted its holdings in shares of Itaú Unibanco by 20,555.6% during the 4th quarter. National Bank of Canada FI now owns 7,436 shares of the bank’s stock worth $51,000 after purchasing an additional 7,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Itaú Unibanco by 54.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock worth $56,000 after purchasing an additional 2,838 shares during the last quarter. Finally, Sunpointe LLC acquired a new position in shares of Itaú Unibanco during the 4th quarter worth approximately $72,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a report on Monday, June 17th.

Itaú Unibanco Trading Up 2.3 %

Shares of ITUB stock traded up $0.14 during trading on Tuesday, hitting $6.12. 14,559,570 shares of the stock traded hands, compared to its average volume of 17,580,549. The firm has a market capitalization of $59.98 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.75 and a beta of 0.97. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.54 and a quick ratio of 1.54. The firm’s fifty day moving average price is $6.10 and its 200-day moving average price is $6.50. Itaú Unibanco Holding S.A. has a 52-week low of $5.12 and a 52-week high of $7.27.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings results on Monday, May 6th. The bank reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.34 billion. Itaú Unibanco had a net margin of 11.09% and a return on equity of 18.73%. As a group, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.81 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently announced a Variable dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 2nd will be given a $0.0478 dividend. This is a positive change from Itaú Unibanco’s previous Variable dividend of $0.00. The ex-dividend date of this dividend is Friday, August 2nd. Itaú Unibanco’s payout ratio is presently 4.05%.

Itaú 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.