Itau Unibanco Holding SA (ITUB) Given Average Recommendation of “Hold” by Brokerages

Itau Unibanco Holding SA (NYSE:ITUB) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.25.

ITUB has been the topic of several recent analyst reports. Deutsche Bank upgraded Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, December 11th. Zacks Investment Research cut Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. ValuEngine cut Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut Itau Unibanco from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th.

Itau Unibanco (NYSE ITUB) opened at $14.78 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.66 and a current ratio of 1.66. Itau Unibanco has a 52 week low of $10.02 and a 52 week high of $14.79. The firm has a market capitalization of $94,824.91, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.59.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Itau Unibanco had a return on equity of 17.81% and a net margin of 18.82%. equities research analysts anticipate that Itau Unibanco will post 1.16 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.005 per share. The ex-dividend date is Thursday, February 1st. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. This represents a $0.06 annualized dividend and a yield of 0.41%. Itau Unibanco’s dividend payout ratio (DPR) is 4.35%.

Itau Unibanco announced that its board has approved a share buyback program on Monday, December 18th that allows the company to buyback 28,620,000 outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its stake in shares of Itau Unibanco by 3.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 13,027 shares of the bank’s stock worth $146,000 after purchasing an additional 484 shares during the period. Sterling Capital Management LLC raised its stake in shares of Itau Unibanco by 5.7% during the 2nd quarter. Sterling Capital Management LLC now owns 14,706 shares of the bank’s stock worth $163,000 after purchasing an additional 792 shares during the period. Mariner Wealth Advisors LLC raised its stake in shares of Itau Unibanco by 10.5% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 22,746 shares of the bank’s stock worth $251,000 after purchasing an additional 2,159 shares during the period. Comerica Bank raised its stake in shares of Itau Unibanco by 2.0% during the 3rd quarter. Comerica Bank now owns 218,760 shares of the bank’s stock worth $2,872,000 after purchasing an additional 4,202 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Itau Unibanco by 3.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 171,961 shares of the bank’s stock worth $2,356,000 after purchasing an additional 4,935 shares during the period. Institutional investors own 4.68% of the company’s stock.

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About Itau Unibanco

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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