Itau Unibanco Holding S.A. to Issue Monthly Dividend of $0.00 (ITUB)
Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Thursday, October 13th. Stockholders 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 dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, November 1st.
Shares of Itau Unibanco Holding (NYSE:ITUB) traded up 2.37% during mid-day trading on Thursday, hitting $12.08. 12,687,467 shares of the stock traded hands. The stock has a 50-day moving average of $11.17 and a 200-day moving average of $9.82. The company has a market cap of $71.63 billion, a price-to-earnings 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.
Itau Unibanco Holding (NYSE:ITUB) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 anticipate that Itau Unibanco Holding will post $1.07 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Axiom International Investors LLC DE raised its stake in 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 valued at $127,275,000 after buying an additional 3,942,164 shares in the last quarter. FMR LLC raised its stake in Itau Unibanco Holding by 16.7% in the second quarter. FMR LLC now owns 23,507,836 shares of the company’s stock valued at $221,914,000 after buying an additional 3,364,540 shares in the last quarter. AQR Capital Management LLC raised its stake in 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 valued at $82,010,000 after buying an additional 1,663,206 shares in the last quarter. BlackRock Group LTD raised its stake in Itau Unibanco Holding by 6.4% in the second quarter. BlackRock Group LTD now owns 22,134,163 shares of the company’s stock valued at $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 Itau Unibanco Holding during the second quarter valued at approximately $9,452,000. 4.64% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on ITUB. Credit Suisse Group AG upgraded shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a report on Thursday, July 14th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Goldman Sachs Group Inc. raised shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Itau Unibanco Holding has a consensus rating of “Hold” and a consensus target price 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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