Itaú Unibanco Stock Forecast, Price & News

1 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Itaú Unibanco stock. 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.
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Wall Street analysts have given Itaú Unibanco a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Itaú Unibanco wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Itaú Unibanco saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 20,100,000 shares, a decline of 19.6% from the August 15th total of 25,000,000 shares. Based on an average daily volume of 35,920,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.
View Itaú Unibanco's Short Interest.

Itaú Unibanco is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Itaú Unibanco.

Itaú Unibanco Holding S.A. (NYSE:ITUB) released its quarterly earnings data on Monday, August, 2nd. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.01. The bank earned $6.08 billion during the quarter, compared to analyst estimates of $5.19 billion. Itaú Unibanco had a trailing twelve-month return on equity of 17.09% and a net margin of 17.21%.
View Itaú Unibanco's earnings history.

Itaú Unibanco's stock was trading at $5.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ITUB shares have decreased by 2.9% and is now trading at $5.37.
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Itaú Unibanco announced a monthly dividend on Tuesday, September 7th. Shareholders of record on Monday, October 4th will be paid a dividend of $0.0029 per share on Friday, November 12th. This represents a $0.03 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, October 1st. This is a boost from Itaú Unibanco's previous monthly dividend of $0.00.
View Itaú Unibanco's dividend history.

Itaú Unibanco pays an annual dividend of $0.03 per share and currently has a dividend yield of 0.55%. The dividend payout ratio of Itaú Unibanco is 7.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Itaú Unibanco will have a dividend payout ratio of 5.26% next year. This indicates that Itaú Unibanco will be able to sustain or increase its dividend.
View Itaú Unibanco's dividend history.

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

Some companies that are related to Itaú Unibanco include Sberbank of Russia (SBRCY), The Bank of Nova Scotia (BNS), The Bank of New York Mellon (BK), Banco Bradesco (BBD), SVB Financial Group (SIVB), Banco Bradesco (BBDO), State Street (STT), Fifth Third Bancorp (FITB), Deutsche Bank Aktiengesellschaft (DB), Northern Trust (NTRS), Ally Financial (ALLY), Citizens Financial Group (CFG), M&T Bank (MTB), Signature Bank (SBNY) and East West Bancorp (EWBC).
View all of ITUB's competitors.

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 Baillie Gifford & Co. (0.52%), Westwood Global Investments LLC (0.47%), FMR LLC (0.42%), BlackRock Inc. (0.33%), Franklin Resources Inc. (0.33%) and Vanguard Group Inc. (0.32%).

ITUB stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Cambiar Investors LLC, Oaktree Capital Management LP, BlackRock Inc., Russell Investments Group Ltd., SPX Equities Gestao de Recursos Ltda, Westwood Global Investments LLC, and Credit Suisse AG.

ITUB stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Dodge & Cox, Whitebox Advisors LLC, Bamco Inc. NY, Renaissance Technologies LLC, Franklin Resources Inc., Morgan Stanley, and Morgan Stanley.

Shares of ITUB 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 $5.37.

Itaú Unibanco has a market capitalization of $52.63 billion and generates $33.73 billion in revenue each year. The bank earns $3.67 billion in net income (profit) each year or $0.40 on an earnings per share basis.

Itaú Unibanco employs 2,020 workers across the globe.

Itaú Unibanco was founded in 2008.

The official website for Itaú Unibanco is www.itau.com.brsector.

Itaú Unibanco is headquartered at Praca Alfredo Egydio de Souza Aranha 100, Sao Paulo D5, 04344-902.

Itaú Unibanco's mailing address is Praca Alfredo Egydio de Souza Aranha 100, Sao Paulo D5, 04344-902. The bank can be reached via phone at 551127943547 or via email at [email protected]