Itau Unibanco Holding SA Shares Gap Up Following Dividend Announcement (ITUB)
Itau Unibanco Holding SA (NASDAQ:ITUB) gapped up prior to trading on Friday after the company announced a dividend, StockRatingsNetwork.com reports. The stock had previously closed at $15.31, but opened at $15.43. Itau Unibanco Holding SA shares last traded at $15.68, with a volume of 5,093,468 shares.
The newly announced dividend is scheduled for Tuesday, October 14th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.0066 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, August 29th.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Itau Unibanco Holding SA in a research note on Wednesday, August 6th. They now have a $17.00 price target on the stock, up previously from $16.50.
The stock’s 50-day moving average is $15.24 and its 200-day moving average is $13.94. The company has a market cap of $85.828 billion and a P/E ratio of 11.56.
Itau Unibanco Holding SA (NASDAQ:ITUB) last announced its earnings results on Wednesday, August 6th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. Analysts expect that Itau Unibanco Holding SA will post $1.50 earnings per share for the current fiscal year.
Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector. The Company divides its activities into four segments: Commercial Banking, which offers retail banking and legal entities customers services, among others; Itau BBA, which offers products and wholesale services for companies as well as investment banking activities; Consumer Credit, which provides financial products and services such as checking accounts, auto loans and credit card transactions, among others; Market and Corporation Activity, which provides excess cash management, subordinated debt surplus administration and leads observations on certain treasury activities, among others.
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