Itau Unibanco Holding SA (NYSE:ITUB) has received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.25.
A number of analysts have issued reports on ITUB shares. BidaskClub lowered Itau Unibanco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. ValuEngine lowered Itau Unibanco from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research lowered Itau Unibanco from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Deutsche Bank raised Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, December 11th.
Shares of Itau Unibanco (NYSE:ITUB) opened at $16.30 on Thursday. The stock has a market capitalization of $101,793.51, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.79. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.57. Itau Unibanco has a fifty-two week low of $10.02 and a fifty-two week high of $16.98.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.0046 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Thursday, March 1st. Itau Unibanco’s payout ratio is presently 5.22%.
Several large investors have recently made changes to their positions in the company. Harding Loevner LP grew its holdings in shares of Itau Unibanco by 225.1% during the 3rd quarter. Harding Loevner LP now owns 193,057,699 shares of the bank’s stock worth $774,895,000 after purchasing an additional 133,670,409 shares in the last quarter. BlackRock Inc. lifted its position in shares of Itau Unibanco by 2.9% during the 4th quarter. BlackRock Inc. now owns 43,741,482 shares of the bank’s stock worth $568,639,000 after buying an additional 1,239,288 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Itau Unibanco by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,923,292 shares of the bank’s stock worth $444,464,000 after buying an additional 627,005 shares during the period. Baillie Gifford & Co. lifted its position in shares of Itau Unibanco by 21.3% during the 3rd quarter. Baillie Gifford & Co. now owns 28,091,190 shares of the bank’s stock worth $384,849,000 after buying an additional 4,924,628 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Itau Unibanco by 33.8% during the 4th quarter. Fisher Asset Management LLC now owns 25,914,919 shares of the bank’s stock worth $336,894,000 after buying an additional 6,553,611 shares during the period. 4.81% of the stock is currently owned by institutional investors.
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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