Itau Unibanco (NYSE:ITUB - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at UBS Group in a note issued to investors on Thursday, MarketBeat Ratings reports.
Itau Unibanco Price Performance
Itau Unibanco stock traded down $0.07 during mid-day trading on Thursday, reaching $6.30. The company had a trading volume of 40,787,859 shares, compared to its average volume of 26,345,580. The business has a fifty day simple moving average of $6.61 and a 200 day simple moving average of $5.76. The company has a market cap of $67.92 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.76. Itau Unibanco has a fifty-two week low of $4.42 and a fifty-two week high of $6.95. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43.
Itau Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. On average, equities research analysts predict that Itau Unibanco will post 0.8 earnings per share for the current year.
Institutional Investors Weigh In On Itau Unibanco
Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of Itau Unibanco by 3,590.6% in the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank's stock valued at $29,000 after buying an additional 4,201 shares during the period. Bessemer Group Inc. bought a new stake in Itau Unibanco in the fourth quarter valued at approximately $35,000. Parallel Advisors LLC increased its position in Itau Unibanco by 707.1% during the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after purchasing an additional 6,781 shares during the period. Signaturefd LLC raised its holdings in Itau Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after purchasing an additional 11,961 shares during the last quarter. Finally, Alta Capital Management LLC acquired a new position in shares of Itau Unibanco in the 1st quarter worth approximately $62,000.
Itau Unibanco Company Profile
(
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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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