Trading Report: The Itau Unibanco Holding S.A. (NYSE:ITUB) Given Consensus Rating of “Hold” by Analysts

The Itau Unibanco Holding S.A. (NYSE:ITUB) Given Consensus Rating of “Hold” by Analysts

Itau Unibanco Holding S.A. (NYSE:ITUB) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.25.

Several brokerages have issued reports on ITUB. Credit Suisse Group AG raised Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. JPMorgan Chase & Co. dropped their price target on 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 Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th.

Several large investors have recently added to or reduced their stakes in ITUB. Raymond James & Associates acquired a new position in shares of Itau Unibanco Holding during the second quarter worth about $112,000. Global X Management Co. LLC increased its position in shares of Itau Unibanco Holding by 31.2% in the second quarter. Global X Management Co. LLC now owns 12,201 shares of the company’s stock worth $115,000 after buying an additional 2,898 shares in the last quarter. Atria Investments LLC acquired a new position in shares of Itau Unibanco Holding during the second quarter worth about $137,000. BOKF NA increased its position in shares of Itau Unibanco Holding by 3.2% in the second quarter. BOKF NA now owns 15,525 shares of the company’s stock worth $146,000 after buying an additional 476 shares in the last quarter. Finally, Advisor Group Inc. acquired a new position in shares of Itau Unibanco Holding during the second quarter worth about $165,000. 4.64% of the stock is owned by institutional investors.

Shares of Itau Unibanco Holding (NYSE:ITUB) opened at 11.83 on Wednesday. Itau Unibanco Holding has a 1-year low of $5.48 and a 1-year high of $11.91. The company’s 50-day moving average price is $11.11 and its 200 day moving average price is $9.75. The firm has a market cap of $70.15 billion, a PE ratio of 8.75 and a beta of 1.81.

Itau Unibanco Holding (NYSE:ITUB) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a return on equity of 19.19% and a net margin of 23.21%. On average, analysts predict that Itau Unibanco Holding will post $1.07 EPS for the current year.

The business also recently announced a dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, October 5th were paid a $0.005 dividend. The ex-dividend date of this dividend was Monday, October 3rd. Itau Unibanco Holding’s dividend payout ratio (DPR) is presently 4.10%.

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