Equities research analysts expect Itau Unibanco Banco Holding SA (NYSE:ITUB) to announce earnings per share of $0.29 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Itau Unibanco Banco Holding SA’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.27. Itau Unibanco Banco Holding SA posted earnings of $0.26 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The firm is scheduled to report its next earnings results on Tuesday, November 7th.

On average, analysts expect that Itau Unibanco Banco Holding SA will report full year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.09 to $1.21. For the next year, analysts anticipate that the business will report earnings of $1.11 per share, with EPS estimates ranging from $0.98 to $1.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Itau Unibanco Banco Holding SA.

Several analysts recently issued reports on the stock. Citigroup Inc. lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co lowered shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price for the company. in a research report on Wednesday, July 12th.

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Itau Unibanco Banco Holding SA (ITUB) traded up 0.35% on Wednesday, reaching $14.18. 11,138,306 shares of the company traded hands. The stock’s 50-day moving average is $13.60 and its 200-day moving average is $12.20. The stock has a market capitalization of $92.15 billion, a price-to-earnings ratio of 12.38 and a beta of 1.63. Itau Unibanco Banco Holding SA has a 1-year low of $9.10 and a 1-year high of $14.59.

The company also recently declared a monthly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 3rd will be given a $0.0048 dividend. This is a positive change from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Monday, October 2nd. Itau Unibanco Banco Holding SA’s dividend payout ratio is presently 5.36%.

Itau Unibanco Banco Holding SA declared that its board has authorized a share buyback program on Thursday, August 31st that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp bought a new position in shares of Itau Unibanco Banco Holding SA in the first quarter worth approximately $248,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Itau Unibanco Banco Holding SA by 69.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 108,840 shares of the bank’s stock worth $1,203,000 after purchasing an additional 44,439 shares during the period. Ngam Advisors L.P. boosted its position in shares of Itau Unibanco Banco Holding SA by 1.0% in the first quarter. Ngam Advisors L.P. now owns 70,509 shares of the bank’s stock worth $851,000 after purchasing an additional 696 shares during the period. Morgan Stanley boosted its position in shares of Itau Unibanco Banco Holding SA by 381.3% in the first quarter. Morgan Stanley now owns 10,005,644 shares of the bank’s stock worth $120,768,000 after purchasing an additional 7,926,656 shares during the period. Finally, DSAM Partners London Ltd bought a new position in shares of Itau Unibanco Banco Holding SA in the second quarter worth approximately $3,582,000. Institutional investors and hedge funds own 4.41% of the company’s stock.

About Itau Unibanco Banco Holding SA

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

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