Itaú Unibanco (ITUB) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Itaú Unibanco in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ITUB shares.
View ITUB analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 1 year price targets for Itaú Unibanco's shares. Their ITUB share price forecasts range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price.
View analysts price targets for ITUB or view top-rated stocks among Wall Street analysts.

Itaú Unibanco's stock was trading at $4.71 at the beginning of 2023. Since then, ITUB shares have increased by 13.8% and is now trading at $5.36.
View the best growth stocks for 2023 here.

Itaú Unibanco saw a increase in short interest in September. As of September 15th, there was short interest totaling 28,530,000 shares, an increase of 7.5% from the August 31st total of 26,540,000 shares. Based on an average trading volume of 17,590,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the company's shares are short sold.
View Itaú Unibanco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our ITUB earnings forecast.

Itaú Unibanco Holding S.A. (NYSE:ITUB) posted its quarterly earnings results on Monday, August, 7th. The bank reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The bank had revenue of $8.11 billion for the quarter, compared to analyst estimates of $7.74 billion. Itaú Unibanco had a trailing twelve-month return on equity of 17.71% and a net margin of 10.04%.

Itaú Unibanco announced a monthly dividend on Wednesday, September 6th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.003 per share on Monday, November 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, October 2nd.
Read our dividend analysis for ITUB.

ETFs with the largest weight of Itaú Unibanco (NYSE:ITUB) stock in their portfolio include iShares Latin America 40 ETF (ILF), Avantis Emerging Markets Value ETF (AVES), Avantis Responsible Emerging Markets Equity ETF (AVSE) and SPDR Portfolio Emerging Markets ETF (SPEM).Avantis Emerging Markets Equity ETF (AVEM).

Itaú Unibanco (NYSE:ITUB) pays an annual dividend of $0.23 per share and currently has a dividend yield of 4.26%. ITUB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITUB will have a dividend payout ratio of 29.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ITUB.

195 employees have rated Itaú Unibanco Chief Executive Officer Roberto Egydio Setubal on Glassdoor.com. Roberto Egydio Setubal has an approval rating of 98% among the company's employees. This puts Roberto Egydio Setubal in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Itaú Unibanco investors own include Bank of America (BAC), Coty (COTY), Petróleo Brasileiro S.A. - Petrobras (PBR), Exxon Mobil (XOM), Intel (INTC), Pfizer (PFE), AT&T (T), Bristol-Myers Squibb (BMY), Ford Motor (F) and Cisco Systems (CSCO).

Itaú Unibanco trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITUB."

Shares of ITUB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ITUB stock can currently be purchased for approximately $5.36.

The company employs 99,598 workers across the globe.

Itaú Unibanco's mailing address is Praca Alfredo Egydio de Souza Aranha 100, Sao Paulo D5, 04344-902. The official website for the company is www.itau.com.brsector. The bank can be reached via phone at 551127943547, via email at investor.relations@itau-unibanco.com, or via fax at 55-11-2794-3933.