Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $6.91 and last traded at $6.84, with a volume of 907 shares trading hands. The stock had previously closed at $6.79.
The newly announced dividend which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $0.0024 dividend. This represents a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 2nd. Itau Unibanco's dividend payout ratio is currently 4.23%.
Itau Unibanco Stock Up 2.1%
The firm's 50-day moving average price is $6.58 and its 200 day moving average price is $5.67. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $74.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.07 and a beta of 0.76.
Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The business had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. On average, sell-side analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.
Hedge Funds Weigh In On Itau Unibanco
A number of institutional investors have recently modified their holdings of the business. GQG Partners LLC boosted its stake in Itau Unibanco by 738.6% in the first quarter. GQG Partners LLC now owns 77,734,889 shares of the bank's stock valued at $427,542,000 after buying an additional 68,465,514 shares in the last quarter. Orbis Allan Gray Ltd bought a new position in shares of Itau Unibanco in the first quarter worth about $227,646,000. FMR LLC boosted its stake in shares of Itau Unibanco by 117.4% in the 4th quarter. FMR LLC now owns 51,044,340 shares of the bank's stock valued at $253,180,000 after purchasing an additional 27,559,997 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Itau Unibanco by 311.4% during the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock valued at $126,898,000 after purchasing an additional 19,365,644 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Itau Unibanco during the 4th quarter valued at approximately $71,054,000.
Itau Unibanco Company Profile
(
Get Free Report)
Itaú Unibanco Holding SA 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.
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