The stock of Itau Unibanco Holding S.A. (NYSE:ITUB) last traded at $5.45, down -2.33% from the previous session.
Data from the available sources indicates that Itau Unibanco Holding S.A. (NYSE:ITUB) is covered by 5 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.15 and a low of $6.00, we find $7.00. Given the previous closing price of $5.58, this indicates a potential upside of 25.45 percent. ITUB stock price is now -5.83% away from the 50-day moving average and 7.40% away from the 200-day moving average. The market capitalization of the company currently stands at $50.31B.
In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $6.79 as their price target over the next twelve months.
With the price target enhanced from $5.50 to $7, Barclays Upgraded its rating from Equal Weight to Overweight for Itau Unibanco Holding S.A. (NYSE: ITUB).
A total of 52.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ITUB stock. A new stake in Itau Unibanco Holding S.A. shares was purchased by DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT during the first quarter worth $36,544,000. CAPITAL WORLD INVESTORS invested $28,574,000 in shares of ITUB during the first quarter. In the first quarter, GEMSSTOCK LTD. acquired a new stake in Itau Unibanco Holding S.A. valued at approximately $25,618,000. BTG PACTUAL GLOBAL ASSET MANAGEMENT LTD acquired a new stake in ITUB for approximately $6,439,000. RHUMBLINE ADVISERS purchased a new stake in ITUB valued at around $3,107,000 in the second quarter.
During the past 12 months, Itau Unibanco Holding S.A. has had a low of $4.10 and a high of $6.15. The fifty day moving average price for ITUB is $5.81 and a two-hundred day moving average price translates $5.17 for the stock.
The latest earnings results from Itau Unibanco Holding S.A. (NYSE: ITUB) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.17 by 0.01. This compares to $0.15 EPS in the same period last year. The net profit margin was 14.50% and return on equity was 18.40% for ITUB. The company reported revenue of $10.97 billion for the quarter, compared to $9.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.24 percent. For the current quarter, analysts expect ITUB to generate $7.93B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/13/2021. Investors who held shares on 11/02/2021 were paid a $0.002723 dividend. On an annualized basis, this represents a $0.24 dividend and a 4.40% percent yield. There was an ex-dividend date of 11/01/2021 for this dividend. In terms of dividend payout ratio, ITUB is presently at 224.70%.
