Itau Unibanco Holding S.A. (ITUB) Plans $0.00 Monthly Dividend
Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Thursday, October 13th. Investors of record on Thursday, November 3rd will be paid a dividend of 0.0047 per share on Monday, December 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, November 1st.
Itau Unibanco Holding (NYSE:ITUB) opened at 12.08 on Friday. Itau Unibanco Holding has a one year low of $5.48 and a one year high of $12.12. The company has a 50 day moving average price of $11.20 and a 200-day moving average price of $9.83. The company has a market capitalization of $71.63 billion, a PE ratio of 8.98 and a beta of 1.81.
Itau Unibanco Holding (NYSE:ITUB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a return on equity of 19.19% and a net margin of 23.21%. Analysts expect that Itau Unibanco Holding will post $1.07 EPS for the current fiscal year.
A number of equities analysts have commented on ITUB shares. Credit Suisse Group AG raised Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Goldman Sachs Group Inc. raised Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.98.
Several institutional investors have recently bought and sold shares of the stock. Raymond James & Associates purchased a new stake in shares of Itau Unibanco Holding during the second quarter valued at $112,000. BOKF NA boosted its stake in shares of Itau Unibanco Holding by 3.2% in the second quarter. BOKF NA now owns 15,525 shares of the company’s stock valued at $146,000 after buying an additional 476 shares during the last quarter. Advisor Group Inc. purchased a new stake in shares of Itau Unibanco Holding during the second quarter valued at $165,000. Wetherby Asset Management Inc. boosted its stake in shares of Itau Unibanco Holding by 5.6% in the second quarter. Wetherby Asset Management Inc. now owns 28,558 shares of the company’s stock valued at $270,000 after buying an additional 1,508 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Itau Unibanco Holding during the second quarter valued at $775,000. 4.64% of the stock is currently owned by hedge funds and other institutional investors.
About Itau Unibanco Holding
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.
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