Shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $6.97, but opened at $6.72. Itau Unibanco shares last traded at $6.72, with a volume of 6,214,136 shares changing hands.
Wall Street Analyst Weigh In
Separately, UBS Group reissued a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $6.27.
Check Out Our Latest Research Report on ITUB
Itau Unibanco Stock Up 3.5%
The stock has a market capitalization of $74.12 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. The company's 50-day moving average is $6.62 and its 200 day moving average is $6.10.
Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. As a group, analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.
Itau Unibanco Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were given a $0.0024 dividend. This represents a dividend yield of 43.0%. The ex-dividend date of this dividend was Wednesday, July 2nd. Itau Unibanco's dividend payout ratio (DPR) is presently 33.80%.
Hedge Funds Weigh In On Itau Unibanco
Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in Itau Unibanco by 29.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,562 shares of the bank's stock worth $141,000 after buying an additional 5,743 shares during the period. TT International Asset Management LTD acquired a new position in Itau Unibanco in the 1st quarter worth approximately $17,826,000. INCA Investments LLC increased its holdings in Itau Unibanco by 10.0% in the 1st quarter. INCA Investments LLC now owns 1,247,501 shares of the bank's stock worth $6,861,000 after buying an additional 113,409 shares during the period. Banco Santander S.A. increased its holdings in Itau Unibanco by 222.8% in the 1st quarter. Banco Santander S.A. now owns 155,795 shares of the bank's stock worth $857,000 after buying an additional 107,527 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Itau Unibanco by 57.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,009 shares of the bank's stock worth $352,000 after buying an additional 23,402 shares during the period.
About Itau Unibanco
(
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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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