Rehmann Capital Advisory Group Makes New Investment in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Rehmann Capital Advisory Group acquired a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,745 shares of the bank’s stock, valued at approximately $123,000.

Several other large investors have also recently added to or reduced their stakes in ITUB. Sequoia Financial Advisors LLC grew its stake in shares of Itaú Unibanco by 4.1% during 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 last quarter. GAMMA Investing LLC grew its stake in shares of Itaú Unibanco by 67.0% during the first quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,755 shares during the last quarter. Schechter Investment Advisors LLC grew its stake in shares of Itaú Unibanco by 13.9% during the fourth quarter. Schechter Investment Advisors LLC now owns 17,654 shares of the bank’s stock valued at $123,000 after purchasing an additional 2,152 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 purchasing an additional 2,838 shares during the last quarter. Finally, Altfest L J & Co. Inc. grew its stake in shares of Itaú Unibanco by 4.9% during the first quarter. Altfest L J & Co. Inc. now owns 73,065 shares of the bank’s stock valued at $506,000 after purchasing an additional 3,391 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th.

Itaú Unibanco Trading Up 1.1 %

NYSE ITUB traded up $0.07 during trading hours on Wednesday, hitting $6.18. The company’s stock had a trading volume of 13,108,980 shares, compared to its average volume of 17,546,414. The stock has a fifty day moving average of $6.11 and a 200 day moving average of $6.50. Itaú Unibanco Holding S.A. has a twelve month low of $5.12 and a twelve month high of $7.27. The firm has a market capitalization of $60.57 billion, a P/E ratio of 8.35, a PEG ratio of 0.74 and a beta of 0.97. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.37.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Monday, May 6th. The bank reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Itaú Unibanco had a net margin of 11.09% and a return on equity of 18.73%. The business had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.34 billion. Equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.81 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, September 9th. Investors of record on Friday, August 2nd will be issued a $0.0478 dividend. This is a positive change from Itaú Unibanco’s previous Variable dividend of $0.00. The ex-dividend date is Friday, August 2nd. Itaú Unibanco’s dividend payout ratio is currently 4.05%.

Itaú 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.