Meristem Family Wealth LLC Lowers Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Meristem Family Wealth LLC decreased its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 27.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,908 shares of the bank’s stock after selling 12,184 shares during the quarter. Meristem Family Wealth LLC’s holdings in Itaú Unibanco were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group boosted its stake in shares of Itaú Unibanco by 27.2% in the fourth quarter. Schroder Investment Management Group now owns 151,494,557 shares of the bank’s stock valued at $922,603,000 after purchasing an additional 32,386,503 shares during the period. BlackRock Inc. lifted its stake in Itaú Unibanco by 30.6% in the first quarter. BlackRock Inc. now owns 35,797,424 shares of the bank’s stock worth $177,556,000 after acquiring an additional 8,397,697 shares during the last quarter. Oaktree Capital Management LP lifted its stake in Itaú Unibanco by 29.8% in the fourth quarter. Oaktree Capital Management LP now owns 25,728,310 shares of the bank’s stock worth $156,685,000 after acquiring an additional 5,907,703 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in Itaú Unibanco by 8.4% in the first quarter. Mondrian Investment Partners LTD now owns 18,938,607 shares of the bank’s stock worth $94,693,000 after acquiring an additional 1,475,497 shares during the last quarter. Finally, Dodge & Cox lifted its stake in Itaú Unibanco by 9.9% in the fourth quarter. Dodge & Cox now owns 15,494,305 shares of the bank’s stock worth $94,360,000 after acquiring an additional 1,393,400 shares during the last quarter. 4.35% of the stock is owned by institutional investors and hedge funds.

Shares of Itaú Unibanco stock opened at $6.44 on Friday. Itaú Unibanco Holding S.A. has a 52-week low of $3.88 and a 52-week high of $6.72. The business has a 50 day moving average price of $5.32. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $62.75 billion, a P/E ratio of 14.75 and a beta of 0.81.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Tuesday, May 4th. The bank reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Itaú Unibanco had a net margin of 11.81% and a return on equity of 15.87%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.41 billion. As a group, analysts predict that Itaú Unibanco Holding S.A. will post 0.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 26th. Investors of record on Wednesday, May 26th were paid a $0.008 dividend. The ex-dividend date of this dividend was Tuesday, May 25th. This represents a $0.03 dividend on an annualized basis and a yield of 0.50%. Itaú Unibanco’s dividend payout ratio is currently 7.50%.

Itaú Unibanco Profile

Itaú Unibanco Holding SA provides a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers various deposit products, as well as loans and credit cards; investment banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services.

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

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