Moran Wealth Management LLC Increases Stock Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Moran Wealth Management LLC boosted its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 16.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 823,756 shares of the bank’s stock after buying an additional 113,618 shares during the quarter. Moran Wealth Management LLC’s holdings in Itau Unibanco were worth $4,531,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in shares of Itau Unibanco in the 4th quarter valued at $35,000. Parallel Advisors LLC raised its position in shares of Itau Unibanco by 707.1% in the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock worth $43,000 after buying an additional 6,781 shares during the period. Signaturefd LLC boosted its holdings in Itau Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock valued at $61,000 after acquiring an additional 11,961 shares during the last quarter. Alta Capital Management LLC acquired a new position in Itau Unibanco in the first quarter valued at $62,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in Itau Unibanco during the fourth quarter valued at about $67,000.

Itau Unibanco Stock Performance

Shares of NYSE:ITUB opened at $6.59 on Thursday. The business has a 50-day moving average of $6.45 and a two-hundred day moving average of $5.58. The firm has a market capitalization of $71.05 billion, a PE ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.77. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.85.

Itau Unibanco (NYSE:ITUB) last posted its earnings results 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 firm had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $43.07 billion. As a group, research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, June 12th will be paid a $0.0454 dividend. This represents a dividend yield of 6.22%. The ex-dividend date of this dividend is Wednesday, June 11th. This is an increase from Itau Unibanco’s previous dividend of $0.00. Itau Unibanco’s dividend payout ratio (DPR) is currently 26.76%.

Itau 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.