QRG Capital Management Inc. Sells 20,316 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

QRG Capital Management Inc. lessened its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUBFree Report) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,699 shares of the bank’s stock after selling 20,316 shares during the period. QRG Capital Management Inc.’s holdings in Itaú Unibanco were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ITUB. Sequoia Financial Advisors LLC raised its position in shares of Itaú Unibanco by 4.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 40,389 shares of the bank’s stock valued at $281,000 after purchasing an additional 1,584 shares during the period. Schechter Investment Advisors LLC lifted its position in Itaú Unibanco by 13.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 17,654 shares of the bank’s stock worth $123,000 after acquiring an additional 2,152 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Itaú Unibanco by 54.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock valued at $56,000 after acquiring an additional 2,838 shares during the period. Clearbridge Investments LLC grew its position in shares of Itaú Unibanco by 1.0% in the third quarter. Clearbridge Investments LLC now owns 426,440 shares of the bank’s stock valued at $2,290,000 after purchasing an additional 4,114 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Itaú Unibanco by 13.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 36,645 shares of the bank’s stock worth $197,000 after purchasing an additional 4,249 shares during the period.

Itaú Unibanco Stock Performance

ITUB opened at $6.44 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.25. The stock’s 50 day moving average price is $6.49 and its two-hundred day moving average price is $6.59. The firm has a market capitalization of $63.11 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. Itaú Unibanco Holding S.A. has a 12-month low of $5.08 and a 12-month high of $7.27.

Itaú Unibanco Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.003 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, June 4th. Itaú Unibanco’s payout ratio is presently 4.05%.

About Itaú Unibanco

(Free Report)

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.

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Institutional Ownership by Quarter for Itaú Unibanco (NYSE:ITUB)

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