Itau Unibanco Holding S.A. (itub) to Issue $0.00 Dividend
Itau Unibanco Holding S.A. (NYSE:itub) declared a dividend on Thursday, November 10th. Shareholders of record on Monday, December 5th will be given a dividend of 0.004 per share on Monday, December 5th. The ex-dividend date of this dividend is Thursday, December 1st.
Itau Unibanco Holding (NYSE:ITUB) opened at 10.21 on Friday. The company has a market cap of $66.68 billion, a price-to-earnings ratio of 10.38 and a beta of 1.58. The firm’s 50-day moving average is $11.06 and its 200 day moving average is $9.59. Itau Unibanco Holding has a 12-month low of $4.98 and a 12-month high of $12.19.
Several brokerages have recently commented on ITUB. Zacks Investment Research lowered Itau Unibanco Holding from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. JPMorgan Chase & Co. cut their price objective on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.98.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates acquired a new position in shares of Itau Unibanco Holding during the second quarter worth approximately $112,000. Axiom International Investors LLC DE boosted its position in shares of Itau Unibanco Holding by 41.3% in the second quarter. Axiom International Investors LLC DE now owns 13,482,514 shares of the company’s stock worth $127,275,000 after buying an additional 3,942,164 shares during the last quarter. FMR LLC boosted its position in shares of Itau Unibanco Holding by 16.7% in the second quarter. FMR LLC now owns 23,507,836 shares of the company’s stock worth $221,914,000 after buying an additional 3,364,540 shares during the last quarter. Sei Investments Co. boosted its position in shares of Itau Unibanco Holding by 0.8% in the second quarter. Sei Investments Co. now owns 297,761 shares of the company’s stock worth $2,811,000 after buying an additional 2,463 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Itau Unibanco Holding by 3.4% in the second quarter. Comerica Bank now owns 183,756 shares of the company’s stock worth $2,053,000 after buying an additional 6,121 shares during the last quarter. Institutional investors and hedge funds own 4.15% of the company’s stock.
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.
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