Itaú Unibanco - ITUB Stock Forecast, Price & News

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

3 Wall Street analysts have issued 1-year target prices for Itaú Unibanco's stock. Their ITUB share price forecasts range from $7.00 to $7.00. On average, they anticipate the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 60.2% 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 on January 1st, 2023. Since then, ITUB shares have decreased by 7.2% and is now trading at $4.37.
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Itaú Unibanco saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 21,920,000 shares, a drop of 36.9% from the February 13th total of 34,740,000 shares. Based on an average daily trading volume, of 32,920,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company's stock are sold short.
View Itaú Unibanco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our ITUB earnings forecast.

Itaú Unibanco Holding S.A. (NYSE:ITUB) released its earnings results on Tuesday, November, 3rd. The bank reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The bank had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $5.46 billion. Itaú Unibanco had a trailing twelve-month return on equity of 17.95% and a net margin of 10.51%.

Itaú Unibanco declared a Variable dividend on Tuesday, March 14th. Shareholders of record on Monday, March 27th will be given a dividend of $0.037 per share on Monday, September 11th. The ex-dividend date of this dividend is Friday, March 24th. This is an increase from the stock's previous Variable dividend of $0.01.
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) and SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM).SPDR MSCI ACWI ex-US ETF (CWI).

Itaú Unibanco (NYSE:ITUB) pays an annual dividend of $0.03 per share and currently has a dividend yield of 0.68%. The dividend payout ratio is 5.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITUB will have a dividend payout ratio of 3.90% 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."

Itaú Unibanco's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (0.94%), Westwood Global Investments LLC (0.64%), Pendal Group Ltd (0.53%), National Bank of Canada FI (0.49%), Franklin Resources Inc. (0.34%) and Robeco Institutional Asset Management B.V. (0.30%).

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 $4.37.

Itaú Unibanco (NYSE:ITUB) has a market capitalization of $42.83 billion and generates $54.88 billion in revenue each year. The bank earns $5.75 billion in net income (profit) each year or $0.58 on an earnings per share basis.

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.