Itau Unibanco Holding SA (NYSE:ITUB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Itau Unibanco Holding SA (NYSE:ITUB) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company.

A number of equities analysts have issued reports on the company. Goldman Sachs Group assumed coverage on Itau Unibanco in a report on Monday. They issued a “sell” rating for the company. HSBC raised Itau Unibanco from a “reduce” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine raised Itau Unibanco from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research raised Itau Unibanco from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Scotiabank raised Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 26th.

Several hedge funds have recently modified their holdings of the company. Huntington National Bank boosted its holdings in Itau Unibanco by 43.8% in the fourth quarter. Huntington National Bank now owns 5,311 shares of the bank’s stock worth $49,000 after acquiring an additional 1,617 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Itau Unibanco by 47.8% during the fourth quarter. D.A. Davidson & CO. now owns 83,205 shares of the bank’s stock worth $760,000 after buying an additional 26,893 shares during the period. Advisor Partners LLC lifted its stake in shares of Itau Unibanco by 72.3% during the fourth quarter. Advisor Partners LLC now owns 25,402 shares of the bank’s stock worth $232,000 after buying an additional 10,661 shares during the period. Keybank National Association OH lifted its stake in shares of Itau Unibanco by 53.2% during the fourth quarter. Keybank National Association OH now owns 214,998 shares of the bank’s stock worth $1,965,000 after buying an additional 74,672 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Itau Unibanco by 50.0% during the fourth quarter. Handelsbanken Fonder AB now owns 496,705 shares of the bank’s stock worth $4,540,000 after buying an additional 165,568 shares during the period. 4.54% of the stock is owned by institutional investors.

ITUB traded down $0.08 on Wednesday, reaching $8.96. The stock had a trading volume of 17,963,900 shares, compared to its average volume of 19,388,449. Itau Unibanco has a fifty-two week low of $6.57 and a fifty-two week high of $10.80. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.73. The stock has a market cap of $87.13 billion, a PE ratio of 13.37, a PEG ratio of 1.13 and a beta of 0.91.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, May 2nd. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Itau Unibanco had a return on equity of 18.06% and a net margin of 16.01%. The firm had revenue of $7.80 billion during the quarter, compared to analyst estimates of $7.43 billion. On average, equities research analysts expect that Itau Unibanco will post 0.76 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Tuesday, June 4th will be paid a $0.0038 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.05 annualized dividend and a dividend yield of 0.51%. Itau Unibanco’s payout ratio is 7.46%.

About Itau Unibanco

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Analyst Recommendations for Itau Unibanco (NYSE:ITUB)

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