Wealth Enhancement Advisory Services LLC Acquires 121,140 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Wealth Enhancement Advisory Services LLC increased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 305.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,808 shares of the bank's stock after acquiring an additional 121,140 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Itaú Unibanco were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors increased its holdings in Itaú Unibanco by 64.4% during the 1st quarter. Capital World Investors now owns 8,654,237 shares of the bank's stock worth $59,974,000 after acquiring an additional 3,390,463 shares during the period. Driehaus Capital Management LLC increased its holdings in shares of Itaú Unibanco by 77.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank's stock worth $41,549,000 after buying an additional 3,106,130 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Itaú Unibanco by 8.5% in the 1st quarter. First Eagle Investment Management LLC now owns 1,398,982 shares of the bank's stock worth $9,695,000 after buying an additional 109,259 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Itaú Unibanco by 9.0% in the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank's stock worth $90,638,000 after buying an additional 1,126,695 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Itaú Unibanco by 2.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank's stock worth $134,606,000 after buying an additional 529,600 shares during the last quarter.

Itaú Unibanco Price Performance

Shares of NYSE:ITUB traded up $0.07 during trading on Wednesday, reaching $6.36. The company had a trading volume of 33,867,934 shares, compared to its average volume of 18,177,119. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.34. Itaú Unibanco Holding S.A. has a 12 month low of $5.62 and a 12 month high of $7.27. The company has a fifty day moving average of $6.44 and a two-hundred day moving average of $6.27. The stock has a market capitalization of $62.33 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. The company had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter last year, the firm earned $0.18 EPS. Equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.78 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be issued a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco's dividend payout ratio is currently 3.95%.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Itaú Unibanco from a "buy" rating to a "neutral" rating in a report on Thursday, August 22nd.

Itaú Unibanco 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.