Itaú Unibanco - ITUB Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Itaú Unibanco in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ITUB shares.
View ITUB analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1 year price targets for Itaú Unibanco's shares. Their ITUB share price forecasts range from $5.00 to $7.00. On average, they anticipate the company's stock price to reach $6.33 in the next year. This suggests a possible upside of 33.6% 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 $3.75 on January 1st, 2022. Since then, ITUB shares have increased by 26.4% and is now trading at $4.74.
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Itaú Unibanco saw a increase in short interest in November. As of November 15th, there was short interest totaling 40,300,000 shares, an increase of 20.5% from the October 31st total of 33,450,000 shares. Based on an average daily trading volume, of 45,760,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are sold short.
View Itaú Unibanco's Short Interest.

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

Itaú Unibanco Holding S.A. (NYSE:ITUB) posted its earnings results on Tuesday, November, 3rd. The bank reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The bank earned $4.80 billion during the quarter, compared to the consensus estimate of $5.46 billion. Itaú Unibanco had a trailing twelve-month return on equity of 17.42% and a net margin of 10.97%.

Itaú Unibanco declared a monthly dividend on Wednesday, November 9th. Investors of record on Friday, December 2nd will be paid a dividend of $0.003 per share on Thursday, January 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, December 1st.
Read our dividend analysis for ITUB.

Itaú Unibanco (NYSE:ITUB) pays an annual dividend of $0.03 per share and currently has a dividend yield of 0.62%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITUB will have a dividend payout ratio of 4.35% 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 institutional and retail investors. Top institutional investors include Pendal Group Ltd (0.46%), BlackRock Inc. (0.29%), Vanguard Group Inc. (0.27%), Fisher Asset Management LLC (0.20%), Itau Unibanco Holding S.A. (0.19%) and Baillie Gifford & Co. (0.19%).

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 $4.74.

Itaú Unibanco (NYSE:ITUB) has a market capitalization of $46.45 billion and generates $36.27 billion in revenue each year. The bank earns $4.96 billion in net income (profit) each year or $0.56 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.