Sequoia Financial Advisors LLC Increases Stock Holdings in Itau Unibanco Holding S.A. (NYSE:ITUB)

Sequoia Financial Advisors LLC increased its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 57.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 64,009 shares of the bank’s stock after purchasing an additional 23,402 shares during the period. Sequoia Financial Advisors LLC’s holdings in Itau Unibanco were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its position in Itau Unibanco by 5.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank’s stock worth $230,805,000 after acquiring an additional 2,306,414 shares during the period. HBK Sorce Advisory LLC lifted its position in Itau Unibanco by 15.3% during the 1st quarter. HBK Sorce Advisory LLC now owns 34,081 shares of the bank’s stock worth $187,000 after acquiring an additional 4,510 shares during the period. Spire Wealth Management lifted its position in Itau Unibanco by 15.3% during the 1st quarter. Spire Wealth Management now owns 51,590 shares of the bank’s stock worth $284,000 after acquiring an additional 6,852 shares during the period. Moran Wealth Management LLC lifted its position in Itau Unibanco by 16.0% during the 1st quarter. Moran Wealth Management LLC now owns 823,756 shares of the bank’s stock worth $4,531,000 after acquiring an additional 113,618 shares during the period. Finally, Sava Infond d.o.o. lifted its position in Itau Unibanco by 10.0% during the 1st quarter. Sava Infond d.o.o. now owns 138,600 shares of the bank’s stock worth $762,000 after acquiring an additional 12,600 shares during the period.

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $6.95 on Friday. The stock has a market cap of $74.97 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.06 and a beta of 0.76. The business has a 50-day simple moving average of $6.56 and a 200-day simple moving average of $5.66. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.95.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $43.07 billion. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. On average, equities analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a $0.0024 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a dividend yield of 0.43%. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.23%.

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.