Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) have earned a consensus rating of “Hold” from the nine research firms that are covering the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.25.
ITUB has been the topic of a number of research analyst reports. Goldman Sachs Group Inc. raised shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a report on Tuesday, July 19th. JPMorgan Chase & Co. decreased their price objective on shares of Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Finally, Credit Suisse Group AG raised shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a report on Thursday, July 14th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITUB. Eqis Capital Management Inc. acquired a new position in Itau Unibanco Holding during the third quarter worth about $194,000. Royal Bank of Canada increased its position in Itau Unibanco Holding by 521.6% in the second quarter. Royal Bank of Canada now owns 274,682 shares of the company’s stock worth $2,594,000 after buying an additional 230,492 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Itau Unibanco Holding by 5.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,655,649 shares of the company’s stock worth $15,630,000 after buying an additional 86,234 shares during the last quarter. Stifel Financial Corp increased its position in Itau Unibanco Holding by 2.0% in the second quarter. Stifel Financial Corp now owns 134,049 shares of the company’s stock worth $1,266,000 after buying an additional 2,619 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Itau Unibanco Holding during the second quarter worth about $34,716,000. Institutional investors own 4.64% of the company’s stock.
Itau Unibanco Holding (NYSE:ITUB) traded up 3.29% on Wednesday, hitting $11.60. 7,911,229 shares of the stock traded hands. The stock has a market capitalization of $68.78 billion, a P/E ratio of 8.64 and a beta of 1.81. Itau Unibanco Holding has a 12-month low of $5.48 and a 12-month high of $11.65. The company’s 50 day moving average price is $11.08 and its 200-day moving average price is $9.70.
Itau Unibanco Holding (NYSE:ITUB) last posted its earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. Analysts predict that Itau Unibanco Holding will post $1.07 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Monday, October 3rd. Itau Unibanco Holding’s payout ratio is presently 4.10%.
Itau Unibanco Holding Company Profile
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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