Itaú Unibanco Holding S.A. (NYSE:ITUB) Stock Position Raised by Wexford Capital LP

Wexford Capital LP increased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 24.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 403,625 shares of the bank’s stock after acquiring an additional 80,000 shares during the period. Wexford Capital LP’s holdings in Itaú Unibanco were worth $2,002,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of Itaú Unibanco by 117.4% during the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock valued at $253,180,000 after acquiring an additional 27,559,997 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Itaú Unibanco by 9.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock valued at $238,173,000 after acquiring an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Itaú Unibanco by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock valued at $196,705,000 after acquiring an additional 1,286,014 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Itaú 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.

Itaú Unibanco Price Performance

NYSE:ITUB opened at $6.73 on Monday. The stock has a market cap of $72.56 billion, a P/E ratio of 8.63, a PEG ratio of 0.89 and a beta of 0.76. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.84. The company has a fifty day moving average price of $5.82 and a 200 day moving average price of $5.32. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75.

Itaú Unibanco (NYSE:ITUB) last released its earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $43.07 billion. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.0024 per share. This represents a dividend yield of 0.46%. The ex-dividend date is Monday, May 5th. Itaú Unibanco’s payout ratio is presently 2.82%.

About Itaú 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.