Pzena Investment Management LLC Has $1.60 Million Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Pzena Investment Management LLC decreased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 229,723 shares of the bank’s stock after selling 40,339 shares during the period. Pzena Investment Management LLC’s holdings in Itaú Unibanco were worth $1,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ITUB. Bruce G. Allen Investments LLC bought a new position in Itaú Unibanco during the fourth quarter valued at about $36,000. Sapient Capital LLC bought a new position in shares of Itaú Unibanco in the fourth quarter worth about $186,000. Raymond James & Associates increased its stake in shares of Itaú Unibanco by 7.1% in the fourth quarter. Raymond James & Associates now owns 341,799 shares of the bank’s stock worth $2,376,000 after purchasing an additional 22,726 shares during the period. Trexquant Investment LP acquired a new stake in Itaú Unibanco during the third quarter worth about $3,083,000. Finally, Caprock Group LLC grew its position in Itaú Unibanco by 25.4% during the fourth quarter. Caprock Group LLC now owns 26,652 shares of the bank’s stock worth $187,000 after buying an additional 5,401 shares in the last quarter.

Itaú Unibanco Stock Down 0.3 %

ITUB stock traded down $0.02 during trading on Thursday, reaching $6.26. 3,580,502 shares of the stock were exchanged, compared to its average volume of 17,007,166. Itaú Unibanco Holding S.A. has a twelve month low of $5.08 and a twelve month high of $7.27. The stock has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $6.58. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.25.

Itaú Unibanco Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, June 4th. Itaú Unibanco’s payout ratio is 5.41%.

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.