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Itau Unibanco Holding Sociedade Anonima (NASDAQ:ITUB)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, Analyst Ratings News reports. They currently have a $16.00 target price on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 0.82% from the stock’s previous close.

Itau Unibanco Holding Sociedade Anonima (NASDAQ:ITUB) traded down 1.51% during mid-day trading on Monday, hitting $15.63. 6,460,020 shares of the company’s stock traded hands. Itau Unibanco Holding Sociedade Anonima has a one year low of $11.38 and a one year high of $16.43. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $13.82. The company has a market cap of $77.515 billion and a price-to-earnings ratio of 9.80. Itau Unibanco Holding Sociedade Anonima also was the target of unusually large options trading on Friday. Traders purchased 17,272 call options on the company. This is an increase of 1,325% compared to the typical volume of 1,212 call options.

Itau Unibanco Holding Sociedade Anonima (NASDAQ:ITUB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. On average, analysts predict that Itau Unibanco Holding Sociedade Anonima will post $1.54 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Monday, May 12th. Investors of record on Thursday, April 3rd will be given a dividend of $0.0064 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, April 1st.

Separately, analysts at Zacks reiterated an “outperform” rating on shares of Itau Unibanco Holding Sociedade Anonima in a research note on Monday, April 7th. They now have a $18.00 price target on the stock.

Itaú Unibanco Holding SA, formerly Itaú Unibanco Banco Múltiplo SA is a bank in Brazil. The Company’s principal categories of operations are banking, which includes commercial bank through Itaú Unibanco and corporate and investment banking through Banco Itaú BBA SA (NASDAQ:ITUB), consumer credit to non accounts holders and its corporate and treasure activities.

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