Itau Unibanco (ITUB) Announces Merger Proposal With Hipercard
Itau Unibanco (ITUB) unveils its plan to merge with its subsidiary, Hipercard. This is set to help the company achieve greater synergy, streamline costs and improve efficiency.
Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by National Bank of Canada FI
National Bank of Canada FI increased its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB – Free Report) by 20,555.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,436 shares of the bank’s stock after acquiring an additional 7,400 shares during the quarter. National Bank of Canada FI’s holdings in Itaú Unibanco were worth $51,000 at the end of the most recent quarter. A number of other hedge funds have also modified their holdings of the stock. Vestmark Advisory Solutions Inc. purchased a new position in shares of Itaú Unibanco during the fourth quarter valued at $244,000. Sapient Capital LLC purchased a new position in shares of Itaú Unibanco during the fourth quarter valued at $186,000. M&T Bank Corp purchased a new position in shares of Itaú Unibanco during the fourth quarter valued at $93,000. Natixis Advisors L.P. grew its holdings in shares of Itaú Unibanco by 8.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,913,360 shares of the bank’s stock valued at $13,297,000 after buying an additional 148,404 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Itaú Unibanco by 8.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 97,704 shares of the bank’s stock valued at $679,000 after buying an additional 7,592 shares in the last quarter. Itaú Unibanco Trading Up 0.9 % Shares of ITUB stock opened at $6.53 on Monday. Itaú Unibanco Holding S.A. has a 1-year low of $5.08 and a 1-year high of $7.27. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.25. The stock’s fifty day simple moving average is $6.51 and its 200-day simple moving average is $6.57. Itaú Unibanco Announces Dividend The company also recently announced a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 4th will be paid a $0.003 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.55%. Itaú Unibanco’s dividend payout ratio (DPR) is currently 5.41%. Itaú Unibanco Company Profile (Free Report) 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.
