DekaBank Deutsche Girozentrale Increases Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Posted by Defense World Staff on Apr 21st, 2023

DekaBank Deutsche Girozentrale increased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB – Get Rating) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,000 shares of the bank’s stock after buying an additional 74,854 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Itaú Unibanco were worth $2,038,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ITUB. Eagle Bay Advisors LLC bought a new stake in Itaú Unibanco during the second quarter valued at about $30,000. Harbor Investment Advisory LLC bought a new stake in Itaú Unibanco during the fourth quarter valued at about $40,000. Huntington National Bank boosted its position in Itaú Unibanco by 33.4% during the third quarter. Huntington National Bank now owns 8,353 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,093 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in Itaú Unibanco by 18,190.3% in the third quarter. Ronald Blue Trust Inc. now owns 11,340 shares of the bank’s stock worth $49,000 after acquiring an additional 11,278 shares in the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Itaú Unibanco in the fourth quarter worth about $51,000. Institutional investors own 2.25% of the company’s stock.

Itaú Unibanco Price Performance

Shares of NYSE ITUB opened at $5.02 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.69 and a current ratio of 1.53. The company has a market cap of $49.20 billion, a PE ratio of 8.66, a P/E/G ratio of 0.60 and a beta of 0.66. The business has a 50-day simple moving average of $4.82 and a two-hundred day simple moving average of $4.98. Itaú Unibanco Holding S.A. has a fifty-two week low of $3.90 and a fifty-two week high of $6.07.

Itaú Unibanco (NYSE:ITUB – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. Itaú Unibanco had a return on equity of 17.95% and a net margin of 10.51%. As a group, equities analysts expect that Itaú Unibanco Holding S.A. will post 0.69 EPS for the current fiscal year.

Itaú Unibanco Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 12th. Shareholders of record on Wednesday, May 3rd will be issued a $0.003 dividend. This represents a $0.04 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, May 2nd. Itaú Unibanco’s dividend payout ratio is presently 5.17%.

About Itaú Unibanco

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Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. It operates through the following segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. The Retail Banking segment includes credit cards, asset management, insurance, pension plan and capitalization products, and a variety of credit products and services for individuals and small companies.