Itaú Unibanco Holding S.A. (NYSE:ITUB – Get Rating) introduced a month-to-month dividend on Thursday, December twenty second, Zacks reviews. Stockholders of document on Tuesday, January third shall be paid a dividend of 0.003 per share by the financial institution on Monday, February thirteenth. This represents a $0.04 dividend on an annualized foundation and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, December thirtieth.
Itaú Unibanco has a payout ratio of 5.7% that means its dividend is sufficiently lined by earnings. Equities analysis analysts count on Itaú Unibanco to earn $0.69 per share subsequent 12 months, which implies the corporate ought to proceed to have the ability to cowl its $0.04 annual dividend with an anticipated future payout ratio of 5.8%.
Itaú Unibanco Inventory Up 2.1 %
Shares of ITUB stock traded up $0.10 throughout buying and selling on Friday, reaching $4.87. The corporate’s inventory had a buying and selling quantity of 17,682,531 shares, in comparison with its common quantity of 40,450,420. The enterprise has a fifty day transferring common worth of $5.10 and a 200-day transferring common worth of $4.94. The corporate has a fast ratio of 1.69, a present ratio of 1.69 and a debt-to-equity ratio of two.40. The corporate has a market cap of $47.73 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.50 and a beta of 0.72. Itaú Unibanco has a one 12 months low of $3.70 and a one 12 months excessive of $6.07.
Itaú Unibanco (NYSE:ITUB – Get Rating) final introduced its quarterly earnings knowledge on Thursday, November tenth. The financial institution reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The enterprise had income of $7.01 billion for the quarter. Itaú Unibanco had a web margin of 10.97% and a return on fairness of 17.42%. Analysts anticipate that Itaú Unibanco will put up 0.61 earnings per share for the present 12 months.
Hedge Funds Weigh In On Itaú Unibanco
A number of institutional buyers and hedge funds have lately modified their holdings of ITUB. Renaissance Applied sciences LLC elevated its holdings in shares of Itaú Unibanco by 244.7% within the first quarter. Renaissance Applied sciences LLC now owns 20,872,374 shares of the financial institution’s inventory valued at $119,181,000 after buying a further 14,818,000 shares over the last quarter. BlackRock Inc. elevated its holdings in shares of Itaú Unibanco by 41.4% within the first quarter. BlackRock Inc. now owns 37,984,762 shares of the financial institution’s inventory valued at $216,894,000 after buying a further 11,129,486 shares over the last quarter. Wellington Administration Group LLP acquired a brand new place in shares of Itaú Unibanco within the first quarter valued at $13,992,000. UBS Group AG grew its stake in shares of Itaú Unibanco by 265.1% within the first quarter. UBS Group AG now owns 3,329,674 shares of the financial institution’s inventory valued at $19,013,000 after buying a further 2,417,611 shares within the final quarter. Lastly, Renaissance Group LLC acquired a brand new place in shares of Itaú Unibanco within the first quarter valued at about $9,309,000. 2.25% of the inventory is at the moment owned by institutional buyers and hedge funds.
Analysts Set New Value Targets
Quite a lot of brokerages have lately commented on ITUB. Scotiabank raised shares of Itaú Unibanco from a “sector carry out” ranking to an “outperform” ranking in a analysis report on Wednesday, October fifth. Barclays raised shares of Itaú Unibanco from an “equal weight” ranking to an “obese” ranking and upped their worth goal for the inventory from $5.50 to $7.00 in a analysis report on Tuesday, November fifteenth. Lastly, The Goldman Sachs Group raised shares of Itaú Unibanco from a “impartial” ranking to a “purchase” ranking and upped their worth goal for the inventory from $5.40 to $7.00 in a analysis report on Thursday, September twenty ninth.
About Itaú Unibanco
Itaú Unibanco Holding SA offers monetary services and products to particular person and company purchasers in Brazil and overseas. It operates via the next segments: Retail Banking, Wholesale Banking, and Actions with the Market and Company. The Retail Banking phase consists of bank cards, asset administration, insurance coverage, pension plan and capitalization merchandise, and quite a lot of credit score services and products for people and small firms.
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