Stocks of Itau Unibanco Holding S.A. (NYSE:ITUB) traded higher last session on Wall Street, down -3.41% to $5.39.
According to the data, Itau Unibanco Holding S.A. (NYSE:ITUB) has 4 analysts covering its stock. 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 $6.80, 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 -6.20% away from the 50-day moving average and 5.94% away from the 200-day moving average. The market capitalization of the company currently stands at $48.45B.
A total of 2 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $6.99 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 $36,141,000. CAPITAL WORLD INVESTORS invested $28,259,000 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 $25,336,000. BTG PACTUAL GLOBAL ASSET MANAGEMENT LTD acquired a new stake in ITUB for approximately $6,368,000. CAXTON ASSOCIATES LP purchased a new stake in ITUB valued at around $4,655,000 in the second quarter. In total, there are 419 active investors with 18.10% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $5.44 for Itau Unibanco Holding S.A. (NYSE: ITUB). During the past 12 months, Itau Unibanco Holding S.A. has had a low of $4.09 and a high of $6.14. The fifty day moving average price for ITUB is $5.74 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 14.60% and return on equity was 18.50% 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 $8.26B 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 4.53% 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 214.30%.
Itau Unibanco Holding S.A.(ITUB) Company Profile
Itaú Unibanco Holding S.A. offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies, as well as middle-market companies and high net worth clients. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. is a subsidiary of IUPAR – Itaú Unibanco Participações S.A.
