Mercer Global Advisors Inc. ADV Reduces Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mercer Global Advisors Inc. ADV reduced its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 55.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,229 shares of the bank’s stock after selling 20,395 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Itaú Unibanco were worth $80,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Itaú Unibanco by 1.8% in the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock worth $140,812,000 after buying an additional 489,873 shares during the period. JPMorgan Chase & Co. lifted its holdings in Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after buying an additional 2,604,304 shares during the period. Haven Global Partners LLC purchased a new stake in Itaú Unibanco in the fourth quarter worth about $3,284,000. Walleye Capital LLC lifted its holdings in Itaú Unibanco by 5,310.8% in the fourth quarter. Walleye Capital LLC now owns 783,968 shares of the bank’s stock worth $3,888,000 after buying an additional 769,479 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock worth $196,705,000 after buying an additional 1,286,014 shares during the period.

Itaú Unibanco Stock Performance

Shares of ITUB opened at $6.73 on Friday. 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 Holding S.A. has a one year low of $4.42 and a one year high of $6.73. The company has a 50-day simple moving average of $5.82 and a two-hundred day simple moving average of $5.33. The firm has a market capitalization of $72.56 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76.

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

Itaú Unibanco Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, May 5th. This represents a dividend yield of 0.46%. Itaú Unibanco’s payout ratio is 2.82%.

Itaú Unibanco 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.