NYSE:ITUB Itaú Unibanco (ITUB) Stock Forecast, Price & News $5.36 +0.14 (+2.68%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$5.22▼$5.4050-Day Range$5.23▼$6.0652-Week Range$4.21▼$6.15Volume15.24 million shsAverage Volume24.34 million shsMarket CapitalizationN/AP/E Ratio8.65Dividend Yield4.29%Price Target$7.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Itaú Unibanco MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside30.6% Upside$7.00 Price TargetShort InterestHealthy0.59% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.33Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth6.85%From $0.73 to $0.78 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.78 out of 5 stars 3.3 Analyst's Opinion Consensus RatingItaú Unibanco has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.00, Itaú Unibanco has a forecasted upside of 30.6% from its current price of $5.36.Amount of Analyst CoverageItaú Unibanco has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.59% of the float of Itaú Unibanco has been sold short.Short Interest Ratio / Days to CoverItaú Unibanco has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Itaú Unibanco has recently increased by 7.50%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipItaú Unibanco is a leading dividend payer. It pays a dividend yield of 4.26%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthItaú Unibanco has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Itaú Unibanco is 37.10%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Itaú Unibanco will have a dividend payout ratio of 29.49% next year. This indicates that Itaú Unibanco will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ITUB. Previous Next 2.4 News and Social Media Coverage News SentimentItaú Unibanco has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Itaú Unibanco this week, compared to 2 articles on an average week.Search Interest7 people have searched for ITUB on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Itaú Unibanco to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Itaú Unibanco insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.61% of the stock of Itaú Unibanco is held by insiders. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Itaú Unibanco are expected to grow by 6.85% in the coming year, from $0.73 to $0.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Itaú Unibanco is 8.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Itaú Unibanco is 8.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 72.86.Price to Earnings Growth RatioItaú Unibanco has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioItaú Unibanco has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Itaú Unibanco (NYSE:ITUB) StockItaú Unibanco Holding S.A. 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. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies, as well as middle-market companies and high net worth clients. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. operates as a subsidiary of IUPAR - Itaú Unibanco Participações S.A.Read More ITUB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ITUB Stock News HeadlinesSeptember 27, 2023 | finance.yahoo.com3 Reasons Growth Investors Will Love Banco Itau (ITUB)September 27, 2023 | uk.style.yahoo.com6 Reasons Why Itau Unibanco (ITUB) Stock is Worth Betting onSeptember 29, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsSeptember 20, 2023 | finance.yahoo.comBanco Itau's stock sees 17.41% year-to-date increase, dividend growth promisingSeptember 11, 2023 | finance.yahoo.comHere is Why Growth Investors Should Buy Banco Itau (ITUB) NowAugust 25, 2023 | finance.yahoo.comItau Unibanco (ITUB) to Sell Shares in BIA to Marco for R$250MAugust 24, 2023 | finance.yahoo.com3 Reasons Why Growth Investors Shouldn't Overlook Banco Itau (ITUB)August 24, 2023 | finance.yahoo.comITAÚ UNIBANCO - MATERIAL FACT: Sale of Banco Itaú ArgentinaSeptember 29, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 11, 2023 | finance.yahoo.com3 Foreign Bank Stocks Worth a Look in a Prospering IndustryAugust 11, 2023 | seekingalpha.comItaú Unibanco: Ahead Of Brazilian Private Banks With Resilient Q2 PerformanceAugust 10, 2023 | seekingalpha.comItaú Unibanco Holding S.A. 2023 Q2 - Results - Earnings Call PresentationAugust 8, 2023 | msn.comItaú Unibanco (ITUB4): lucro líquido gerencial de R$ 8,742 bilhões no 2T23, alta de 13,9%August 7, 2023 | prnewswire.comITAÚ UNIBANCO - ProjectionsAugust 7, 2023 | prnewswire.comITAÚ UNIBANCO - ProjeçõesAugust 6, 2023 | markets.businessinsider.comHere's what Wall Street expects from Itau Unibanco's earningsJuly 20, 2023 | finance.yahoo.comITUB or BCH: Which Is the Better Value Stock Right Now?July 5, 2023 | finance.yahoo.comMinority Holders in Chile Aren’t Happy With What Brazil’s Itau Unibanco is DoingJune 20, 2023 | msn.comItaú Unibanco: A Reasonably Safe Bet For The Long TermJune 6, 2023 | finance.yahoo.comITAÚ UNIBANCO - Material Fact: News published in the media: Banco Itaú ArgentinaMay 31, 2023 | msn.comGolden Cross Appears Before Itau Unibanco Holding InvestorsMay 23, 2023 | finance.yahoo.comBillionaire Family to Boost Stake in Brazilian Flip-Flop Icon HavaianasMay 16, 2023 | finance.yahoo.comMitsubishi UFJ (MUFG) Earnings Decline Y/Y in Fiscal 2022May 9, 2023 | markets.businessinsider.comWhat Wall Street expects from Itau Unibanco's earningsMay 9, 2023 | finance.yahoo.comITUB or IBN: Which Is the Better Value Stock Right Now?May 8, 2023 | seekingalpha.comItaú Unibanco Holding S.A. 2023 Q1 - Results - Earnings Call PresentationMay 8, 2023 | finance.yahoo.comUPDATE 1-Brazil's Itau Unibanco first-quarter net profit up 14.6%See More Headlines Receive ITUB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Itaú Unibanco and its competitors with MarketBeat's FREE daily newsletter. Email Address ITUB Company Calendar Last Earnings8/07/2023Ex-Dividend for 10/12 Dividend9/01/2023Today9/29/2023Ex-Dividend for 11/13 Dividend10/02/2023Dividend Payable10/12/2023Next Earnings (Estimated)11/09/2023Dividend Payable11/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNYSE:ITUB CUSIPN/A CIK1132597 Webwww.itau.com.brsector Phone551127943547Fax55-11-2794-3933Employees99,598Year Founded2008Price Target and Rating Average Stock Price Forecast$7.00 High Stock Price Forecast$7.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+30.6%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.62 Trailing P/E Ratio8.65 Forward P/E Ratio7.34 P/E Growth0.63Net Income$5.75 billion Net Margins10.04% Pretax Margin11.88% Return on Equity17.71% Return on Assets1.36% Debt Debt-to-Equity Ratio2.31 Current Ratio1.74 Quick Ratio1.74 Sales & Book Value Annual Sales$54.88 billion Price / SalesN/A Cash Flow$0.72 per share Price / Cash Flow7.44 Book Value$3.51 per share Price / Book1.53Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta0.72 Social Links 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Milton Maluhy Filho (Age 47)CEO & Member of Exec. Board Mr. Alexsandro Broedel Lopes (Age 49)CFO & Member of Exec. Board Mr. Matias Granata (Age 48)Chief Risk Officer & Member of Exec. Board Mr. Jose Virgilio Vita Neto (Age 45)Member of Exec. Board Mr. Carlos Fernando Rossi Constantini (Age 49)Member of Exec. Board Mr. Andre Sapoznik (Age 51)Exec. VP of IT & Operations and Head of New Payments Unit Mr. Pedro Paulo Giubbina Lorenzini (Age 55)Exec. Officer & Member of Exec. Board Mr. Alexandre Grossmann Zancani (Age 46)Member of Exec. Board Mr. André Luís Teixeira RodriguesMember of Exec. BoardMr. Flavio Augusto Aguiar de SouzaMember of Exec. BoardMore ExecutivesKey CompetitorsBank of Nova ScotiaNYSE:BNSBank of New York MellonNYSE:BKBanco BradescoNYSE:BBDDeutsche Bank AktiengesellschaftNYSE:DBState StreetNYSE:STTView All CompetitorsInstitutional OwnershipMondrian Investment Partners LTDSold 398,297 shares on 9/20/2023Ownership: 0.000%Banco BTG Pactual S.A.Sold 940,685 shares on 8/28/2023Ownership: 0.000%Teachers Retirement System of The State of KentuckySold 621,600 shares on 8/21/2023Ownership: 0.000%Osaic Holdings Inc.Sold 6,535 shares on 8/21/2023Ownership: 0.000%Orion Portfolio Solutions LLCBought 56,279 shares on 8/17/2023Ownership: 0.000%View All Institutional Transactions ITUB Stock - Frequently Asked Questions Should I buy or sell Itaú Unibanco stock right now? 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. What is Itaú Unibanco's stock price forecast for 2023? 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. How have ITUB shares performed in 2023? 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. Are investors shorting Itaú Unibanco? 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. When is Itaú Unibanco's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. View our ITUB earnings forecast. How were Itaú Unibanco's earnings last quarter? 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%. How often does Itaú Unibanco pay dividends? What is the dividend yield for Itaú Unibanco? 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. What ETFs hold Itaú Unibanco's stock? 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). Is Itaú Unibanco a good dividend stock? 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. What is Roberto Egydio Setubal's approval rating as Itaú Unibanco's CEO? 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. What other stocks do shareholders of Itaú Unibanco own? 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). What is Itaú Unibanco's stock symbol? Itaú Unibanco trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITUB." How do I buy shares of Itaú Unibanco? 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. Compare Top Brokerages Here. What is Itaú Unibanco's stock price today? One share of ITUB stock can currently be purchased for approximately $5.36. How many employees does Itaú Unibanco have? The company employs 99,598 workers across the globe. How can I contact Itaú Unibanco? 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. This page (NYSE:ITUB) was last updated on 9/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Itaú Unibanco Holding S.A. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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