Stock traders buy large volume of Itaú Unibanco call options (NYSE:ITUB)

Itaú Unibanco Holding SA (NYSE:ITUB – Get Rating) was the target of unusually large options trades on Tuesday. Equity investors acquired 51,732 call options on the stock. This is an increase of approximately 1,488% from the typical volume of 3,258 call options.

Itaú Unibanco share performance

ITUB shares traded up $0.19 at midday on Tuesday, hitting $5.50. The stock recorded a trading volume of 1,193,496 shares, compared to an average volume of 28,172,074 shares. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt ratio of 2.33. The company’s fifty-day moving average is $4.83 and its 200-day moving average is $4.96. Itaú Unibanco has a 1-year low of $3.60 and a 1-year high of $5.89. The company has a market capitalization of $53.90 billion, a price/earnings ratio of 10.21, a PEG ratio of 0.55 and a beta of 0.81.

Itaú Unibanco announces a dividend

The company also recently unveiled a monthly dividend, which will be paid on Monday, November 14. Shareholders of record on Tuesday, October 4 will receive a dividend of $0.003 per share. The ex-dividend date is Monday, October 3. This represents a dividend of $0.04 on an annualized basis and a dividend yield of 0.65%. Itaú Unibanco’s payout ratio is currently 5.77%.

Itaú Unibanco Institutional Trading

A number of hedge funds have recently changed their holdings in ITUB. Allspring Global Investments Holdings LLC purchased a new equity stake in Itaú Unibanco in the second quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in Itaú Unibanco during the second quarter worth $30,000. The Toronto Dominion Bank increased its stake in Itaú Unibanco by 42.5% during the second quarter. The Toronto Dominion Bank now owns 11,020 shares of the bank valued at $47,000 after buying 3,288 more shares last quarter. MGO One Seven LLC purchased a new equity stake in Itaú Unibanco during the second quarter worth approximately $50,000. Finally, Platinum Investment Management Ltd. increased its stake in Itaú Unibanco shares by 37.3% during the first quarter. Platinum Investment Management Ltd. now owns 9,491 shares of the bank worth $54,000 after purchasing an additional 2,579 shares in the last quarter. Hedge funds and other institutional investors hold 3.28% of the company’s shares.

Itaú Unibanco Company Profile

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Itaú Unibanco Holding SA offers a range of financial products and services to individuals and businesses in Brazil and internationally. The Company operates through three segments: Retail Banking, Wholesale Banking and Market and Society Business. It offers various deposit products, as well as loans and credit cards; investment and commercial banking services; real estate loan services; financing and investment services; and leasing and currency exchange services.

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