abrdn plc Acquires Shares of 83,600 Itaú Unibanco Holding S.A. (NYSE:ITUB)

abrdn plc acquired a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB – Get Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 83,600 shares of the bank’s stock, valued at approximately $483,000.

Other institutional investors have also recently bought and sold shares of the company. Gateway Investment Advisers LLC bought a new position in Itaú Unibanco in the 1st quarter valued at $62,000. First Affirmative Financial Network bought a new stake in shares of Itaú Unibanco during the first quarter worth $63,000. Dubuque Bank & Trust Co. bought a new stake in shares of Itaú Unibanco during the first quarter worth $83,000. Calamos Wealth Management LLC bought a new stake in shares of Itaú Unibanco during the first quarter worth $92,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Itaú Unibanco during the first quarter worth $98,000. Institutional investors own 8.66% of the company’s stock.

Itaú Unibanco Trading Up 0.9 %

ITUB stock opened at $4.48 on Thursday. The company has a market cap of $43.90 billion, a P/E ratio of 8.45, a PEG ratio of 0.46 and a beta of 0.85. Itaú Unibanco Holding S.A. has a twelve month low of $3.60 and a twelve month high of $6.09. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.10. The business has a fifty day moving average of $4.57 and a 200-day moving average of $4.87.

Itaú Unibanco (NYSE:ITUB – Get Rating) last released its earnings results on Monday, May 9th. The bank reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $6.69 billion during the quarter. Itaú Unibanco had a return on equity of 16.01% and a net margin of 12.84%. As a group, equities research analysts expect that Itaú Unibanco Holding S.A. will post 0.62 EPS for the current year.

Itaú Unibanco Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 12th. Investors of record on Tuesday, August 2nd will be paid a dividend of $0.003 per share. The ex-dividend date of this dividend is Monday, August 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.80%. Itaú Unibanco’s dividend payout ratio (DPR) is presently 5.66%.

About Itaú Unibanco

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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 and Corporation. It offers various deposit products, as well as loans and credit cards; investment and commercial banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services.

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