Itaú Unibanco Stock Price, News & Analysis (NYSE:ITUB)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Itaú Unibanco in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ITUB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ITUB, but not buy additional shares or sell existing shares.
View ITUB analyst ratings or view top-rated stocks.

2 brokers have issued 12-month target prices for Itaú Unibanco's stock. Their ITUB share price targets range from $6.10 to $6.10. On average, they predict the company's share price to reach $6.10 in the next year. This suggests that the stock has a possible downside of 4.7%.
View analysts price targets for ITUB or view top-rated stocks among Wall Street analysts.

Itaú Unibanco's stock was trading at $4.71 on January 1st, 2023. Since then, ITUB stock has increased by 35.9% and is now trading at $6.40.
View the best growth stocks for 2023 here.

Itaú Unibanco saw a drop in short interest in November. As of November 15th, there was short interest totaling 25,540,000 shares, a drop of 8.5% from the October 31st total of 27,910,000 shares. Based on an average daily trading volume, of 15,670,000 shares, the short-interest ratio is currently 1.6 days. Currently, 0.5% of the shares of the stock are sold short.
View Itaú Unibanco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our ITUB earnings forecast.

Itaú Unibanco Holding S.A. (NYSE:ITUB) posted its earnings results on Monday, November, 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.02. The bank had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.01 billion. Itaú Unibanco had a trailing twelve-month return on equity of 17.41% and a net margin of 9.79%.

Itaú Unibanco declared a monthly dividend on Friday, November 24th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.0505 per share on Sunday, March 10th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date is Thursday, December 7th. This is an increase from the stock's previous monthly dividend of $0.00.
Read our dividend analysis for ITUB.

Itaú Unibanco (NYSE:ITUB) pays an annual dividend of $0.45 per share and currently has a dividend yield of 0.50%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 71.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITUB will have a dividend payout ratio of 56.25% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (0.00%), Westwood Global Investments LLC (0.00%), Perpetual Ltd (0.00%), Robeco Institutional Asset Management B.V. (0.00%), Itau Unibanco Holding S.A. (0.00%) and ANTIPODES PARTNERS Ltd (0.00%).

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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