Jump Financial LLC Takes $85,000 Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Jump Financial LLC bought a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUBFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,255 shares of the bank’s stock, valued at approximately $85,000.

A number of other hedge funds also recently added to or reduced their stakes in ITUB. Barclays PLC increased its position in shares of Itaú Unibanco by 60.2% during the third quarter. Barclays PLC now owns 469,784 shares of the bank’s stock worth $2,522,000 after acquiring an additional 176,603 shares during the period. Quantbot Technologies LP purchased a new stake in Itaú Unibanco during the 3rd quarter worth about $1,102,000. Pekin Hardy Strauss Inc. increased its holdings in Itaú Unibanco by 5.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 115,995 shares of the bank’s stock worth $623,000 after purchasing an additional 5,495 shares during the period. First Eagle Investment Management LLC raised its position in Itaú Unibanco by 9.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,185,476 shares of the bank’s stock valued at $6,366,000 after purchasing an additional 98,127 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Itaú Unibanco by 13.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 36,645 shares of the bank’s stock worth $197,000 after buying an additional 4,249 shares in the last quarter.

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB opened at $6.07 on Friday. 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 Holding S.A. has a fifty-two week low of $5.08 and a fifty-two week high of $7.27. The firm’s 50 day moving average price is $6.39 and its 200 day moving average price is $6.59.

Itaú Unibanco (NYSE:ITUBGet Free Report) last issued its earnings results on Monday, May 6th. The bank reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Itaú Unibanco had a net margin of 11.09% and a return on equity of 18.73%. The firm had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.34 billion. Equities research analysts predict that Itaú Unibanco Holding S.A. will post 0.81 EPS for the current fiscal year.

Itaú Unibanco Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.003 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, June 4th. Itaú Unibanco’s dividend payout ratio (DPR) is presently 5.41%.

Itaú Unibanco Company Profile

(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.

Further Reading

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

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