Itaú Unibanco Holding S.A. (NYSE:ITUB – Get Rating) declared a month-to-month dividend on Thursday, January fifth, Zacks studies. Stockholders of file on Thursday, February 2nd shall be given a dividend of 0.002 per share by the financial institution on Monday, March thirteenth. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, February 1st.
Itaú Unibanco has a dividend payout ratio of 5.1% indicating that its dividend is sufficiently coated by earnings. Analysts count on Itaú Unibanco to earn $0.69 per share subsequent yr, which suggests 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 Buying and selling Up 3.9 %
ITUB opened at $4.78 on Friday. The agency’s fifty day easy transferring common is $4.92 and its 200 day easy transferring common is $4.94. The inventory has a market capitalization of $46.84 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.42 and a beta of 0.71. The corporate has a present ratio of 1.69, a fast ratio of 1.69 and a debt-to-equity ratio of two.40. Itaú Unibanco has a 12 month low of $3.84 and a 12 month excessive of $6.07.
Itaú Unibanco (NYSE:ITUB – Get Rating) final posted its quarterly earnings information on Thursday, November tenth. The financial institution reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Itaú Unibanco had a return on fairness of 17.42% and a web margin of 10.97%. The corporate had income of $7.01 billion through the quarter. As a gaggle, analysis analysts anticipate that Itaú Unibanco will put up 0.61 EPS for the present fiscal yr.
Institutional Buying and selling of Itaú Unibanco
Institutional buyers and hedge funds have not too long ago purchased and offered shares of the enterprise. BlackRock Inc. elevated its holdings in shares of Itaú Unibanco by 41.4% through the 1st quarter. BlackRock Inc. now owns 37,984,762 shares of the financial institution’s inventory price $216,894,000 after buying an extra 11,129,486 shares over the past quarter. Renaissance Applied sciences LLC raised its place 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 an extra 14,818,000 shares through the interval. State Avenue Corp lifted its stake in shares of Itaú Unibanco by 0.4% through the third quarter. State Avenue Corp now owns 10,908,262 shares of the financial institution’s inventory price $56,432,000 after shopping for an extra 46,678 shares over the past quarter. UBS Group AG boosted its holdings in shares of Itaú Unibanco by 265.1% through the 1st quarter. UBS Group AG now owns 3,329,674 shares of the financial institution’s inventory price $19,013,000 after shopping for an extra 2,417,611 shares through the interval. Lastly, Lazard Asset Administration LLC grew its stake in Itaú Unibanco by 13.9% within the 1st quarter. Lazard Asset Administration LLC now owns 2,781,618 shares of the financial institution’s inventory valued at $15,882,000 after shopping for an extra 340,059 shares over the past quarter. Institutional buyers personal 2.25% of the corporate’s inventory.
Analyst Rankings Modifications
ITUB has been the subject of numerous latest analysis studies. Scotiabank upgraded shares of Itaú Unibanco from a “sector carry out” score to an “outperform” score in a report on Wednesday, October fifth. Barclays raised shares of Itaú Unibanco from an “equal weight” score to an “chubby” score and boosted their value goal for the inventory from $5.50 to $7.00 in a analysis report on Tuesday, November fifteenth. Lastly, The Goldman Sachs Group upgraded Itaú Unibanco from a “impartial” score to a “purchase” score and raised their value goal for the corporate from $5.40 to $7.00 in a report on Thursday, September twenty ninth.
About Itaú Unibanco
Itaú Unibanco Holding SA supplies monetary services to particular person and company purchasers in Brazil and overseas. It operates by way of the next segments: Retail Banking, Wholesale Banking, and Actions with the Market and Company. The Retail Banking section contains bank cards, asset administration, insurance coverage, pension plan and capitalization merchandise, and quite a lot of credit score services for people and small corporations.
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