Itau Unibanco Holding S.A. (NYSE:ITUB) has been given an average rating of “Hold” by the nine brokerages that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $9.00.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Itau Unibanco Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Finally, Goldman Sachs Group Inc. raised shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 19th.

Itau Unibanco Holding (NYSE:ITUB) opened at 10.31 on Wednesday. The company has a market capitalization of $67.33 billion, a price-to-earnings ratio of 9.89 and a beta of 1.58. The company’s 50 day moving average is $10.99 and its 200-day moving average is $9.44. Itau Unibanco Holding has a 52-week low of $4.98 and a 52-week high of $12.19.

The firm also recently announced a monthly dividend, which will be paid on Monday, December 12th. Stockholders of record on Thursday, November 3rd will be given a $0.0047 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, November 1st. Itau Unibanco Holding’s dividend payout ratio is presently 5.11%.

Several hedge funds have recently added to or reduced their stakes in ITUB. Raymond James & Associates acquired a new stake in Itau Unibanco Holding during the second quarter worth $112,000. Global X Management Co. LLC increased its stake in Itau Unibanco Holding by 31.2% in the second quarter. Global X Management Co. LLC now owns 12,201 shares of the company’s stock worth $115,000 after buying an additional 2,898 shares in the last quarter. Atria Investments LLC acquired a new stake in Itau Unibanco Holding during the second quarter worth $137,000. BOKF NA increased its stake in Itau Unibanco Holding by 3.2% in the second quarter. BOKF NA now owns 15,525 shares of the company’s stock worth $146,000 after buying an additional 476 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in Itau Unibanco Holding during the second quarter worth $165,000. 4.10% of the stock is currently owned by hedge funds and other institutional investors.

Itau Unibanco Holding Company Profile

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.

5 Day Chart for NYSE:ITUB

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