Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.00 on June 8th

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Investors of record on Tuesday, May 5th will be paid a dividend of 0.0033 per share by the bank on Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, May 5th.

Itau Unibanco has raised its dividend by an average of 0.2%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Itau Unibanco to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.1%.

Itau Unibanco Stock Down 0.7%

ITUB stock opened at $8.64 on Friday. The stock has a market cap of $95.64 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.93 and a beta of 0.63. The firm’s 50-day simple moving average is $8.63 and its 200 day simple moving average is $7.96. Itau Unibanco has a fifty-two week low of $5.87 and a fifty-two week high of $9.60. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.98 billion. As a group, sell-side analysts predict that Itau Unibanco will post 0.89 EPS for the current year.

Insider Activity

In other news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total value of $1,612,296.00. Following the completion of the transaction, the insider directly owned 1,637,511 shares in the company, valued at $14,442,847.02. This trade represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00. Following the transaction, the insider owned 1,265,119 shares in the company, valued at $11,866,816.22. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 292,277 shares of company stock worth $2,646,512. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Itau Unibanco

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of Itau Unibanco during the 4th quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Itau Unibanco by 40.1% in the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock valued at $48,000 after buying an additional 1,901 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Itau Unibanco by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares during the period. V Square Quantitative Management LLC bought a new position in Itau Unibanco during the first quarter valued at about $59,000. Finally, Community Bank N.A. bought a new position in Itau Unibanco during the third quarter valued at about $57,000.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.