ValuEngine upgraded shares of Itau Unibanco (NYSE:ITUB) from a buy rating to a strong-buy rating in a report issued on Sunday morning.
Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Itau Unibanco from a strong-buy rating to a buy rating in a research note on Monday, October 23rd. Deutsche Bank raised shares of Itau Unibanco from a hold rating to a buy rating and set a $16.00 target price on the stock in a research report on Monday, December 11th. Finally, Zacks Investment Research cut shares of Itau Unibanco from a hold rating to a sell rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $14.25.
Itau Unibanco (NYSE:ITUB) traded up $0.53 during mid-day trading on Friday, reaching $13.53. The company’s stock had a trading volume of 6,043,500 shares, compared to its average volume of 6,880,650. The firm has a market cap of $83,080.00, a P/E ratio of 11.87, a P/E/G ratio of 1.45 and a beta of 1.59. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.66 and a quick ratio of 1.66. Itau Unibanco has a fifty-two week low of $10.02 and a fifty-two week high of $14.59.
The company also recently announced a None dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.004 per share. The ex-dividend date is Tuesday, January 2nd. This represents a dividend yield of 0.42%. Itau Unibanco’s dividend payout ratio is currently 40.35%.
Several institutional investors have recently bought and sold shares of ITUB. YorkBridge Wealth Partners LLC raised its holdings in shares of Itau Unibanco by 3.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 13,027 shares of the bank’s stock worth $146,000 after purchasing an additional 484 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Itau Unibanco by 5.7% in the 2nd quarter. Sterling Capital Management LLC now owns 14,706 shares of the bank’s stock worth $163,000 after purchasing an additional 792 shares during the period. Mariner Wealth Advisors LLC raised its holdings in shares of Itau Unibanco by 10.5% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 22,746 shares of the bank’s stock worth $251,000 after purchasing an additional 2,159 shares during the period. Comerica Bank raised its holdings in shares of Itau Unibanco by 2.0% in the 3rd quarter. Comerica Bank now owns 218,760 shares of the bank’s stock worth $2,872,000 after purchasing an additional 4,202 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in shares of Itau Unibanco by 3.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 171,961 shares of the bank’s stock worth $2,356,000 after purchasing an additional 4,935 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.
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Itau Unibanco Company Profile
Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.
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