Constellation Investimentos e Participacoes Ltda Lowers Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Constellation Investimentos e Participacoes Ltda reduced its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 84.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,590 shares of the bank’s stock after selling 2,139,610 shares during the period. Itaú Unibanco makes up approximately 6.1% of Constellation Investimentos e Participacoes Ltda’s holdings, making the stock its 4th largest holding. Constellation Investimentos e Participacoes Ltda’s holdings in Itaú Unibanco were worth $2,203,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ITUB. FMR LLC increased its stake in shares of Itaú Unibanco by 117.4% in 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. Arrowstreet Capital Limited Partnership lifted its stake in Itaú Unibanco by 9.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock valued at $238,173,000 after purchasing an additional 4,151,459 shares during the last quarter. Franklin Resources Inc. lifted its stake in Itaú Unibanco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock valued at $140,812,000 after purchasing an additional 489,873 shares during the last quarter. Bank of America Corp DE lifted its position in Itaú Unibanco by 311.4% during the fourth quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank’s stock worth $126,898,000 after acquiring an additional 19,365,644 shares during the last quarter. Finally, Dodge & Cox raised its position in shares of Itaú Unibanco by 6.8% in the fourth quarter. Dodge & Cox now owns 16,621,005 shares of the bank’s stock valued at $82,440,000 after buying an additional 1,058,400 shares in the last quarter.

Itaú Unibanco Stock Up 2.7%

NYSE ITUB opened at $6.74 on Tuesday. The company has a 50 day moving average of $6.29 and a 200-day moving average of $5.50. The company has a market cap of $72.66 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.89 and a beta of 0.77. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $6.85.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, equities research analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, June 12th will be paid a $0.0454 dividend. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date is Wednesday, June 11th. This represents a yield of 6.22%. Itaú Unibanco’s dividend payout ratio (DPR) is 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.