Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Thursday, October 13th. Investors of record on Thursday, November 3rd will be paid a dividend of 0.0047 per share on Monday, December 12th. This represents a $0.06 annualized dividend and a yield of 0.47%. The ex-dividend date is Tuesday, November 1st.
Shares of Itau Unibanco Holding (NYSE:ITUB) opened at 12.08 on Friday. The stock has a market capitalization of $71.63 billion, a PE ratio of 8.98 and a beta of 1.81. Itau Unibanco Holding has a 52 week low of $5.48 and a 52 week high of $12.12. The company has a 50-day moving average price of $11.20 and a 200 day moving average price of $9.83.
Itau Unibanco Holding (NYSE:ITUB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Itau Unibanco Holding had a return on equity of 19.19% and a net margin of 23.21%. Equities analysts forecast that Itau Unibanco Holding will post $1.07 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Axiom International Investors LLC DE raised its stake in shares of Itau Unibanco Holding by 41.3% in the second quarter. Axiom International Investors LLC DE now owns 13,482,514 shares of the company’s stock worth $127,275,000 after buying an additional 3,942,164 shares in the last quarter. FMR LLC raised its stake in shares of Itau Unibanco Holding by 16.7% in the second quarter. FMR LLC now owns 23,507,836 shares of the company’s stock worth $221,914,000 after buying an additional 3,364,540 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Itau Unibanco Holding by 23.7% in the second quarter. AQR Capital Management LLC now owns 8,687,490 shares of the company’s stock worth $82,010,000 after buying an additional 1,663,206 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Itau Unibanco Holding by 6.4% in the second quarter. BlackRock Group LTD now owns 22,134,163 shares of the company’s stock worth $208,947,000 after buying an additional 1,336,414 shares in the last quarter. Finally, Thornburg Investment Management Inc. acquired a new stake in shares of Itau Unibanco Holding during the second quarter worth about $9,452,000. 4.64% of the stock is owned by hedge funds and other institutional investors.
ITUB has been the subject of several analyst reports. Goldman Sachs Group Inc. raised Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Credit Suisse Group AG raised Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.98.
About Itau Unibanco Holding
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.
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