ValuEngine downgraded shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) from a strong-buy rating to a buy rating in a report issued on Thursday morning.

ITUB has been the topic of a number of other reports. BidaskClub cut shares of Itau Unibanco Banco Holding SA from a strong-buy rating to a buy rating in a research note on Monday, October 23rd. Citigroup Inc. cut shares of Itau Unibanco Banco Holding SA from a buy rating to a neutral rating in a research note on Friday, August 25th. Zacks Investment Research cut shares of Itau Unibanco Banco Holding SA from a hold rating to a sell rating in a research note on Tuesday, November 7th. Finally, J P Morgan Chase & Co cut shares of Itau Unibanco Banco Holding SA from an overweight rating to a neutral rating and set a $12.50 price objective on the stock. in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.50.

Itau Unibanco Banco Holding SA (NYSE ITUB) opened at $12.69 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.57. The stock has a market cap of $82,646.16, a PE ratio of 10.94, a PEG ratio of 1.38 and a beta of 1.60. Itau Unibanco Banco Holding SA has a twelve month low of $9.10 and a twelve month high of $14.59.

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The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 2nd will be paid a $0.0048 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.45%. Itau Unibanco Banco Holding SA’s payout ratio is 5.22%.

Itau Unibanco Banco Holding SA announced that its Board of Directors has approved a share buyback plan on Thursday, August 31st that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 2nd quarter worth about $115,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 3rd quarter worth about $142,000. Comerica Securities Inc. acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 2nd quarter worth about $117,000. Advisor Partners LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 2nd quarter worth about $120,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of Itau Unibanco Banco Holding SA during the 2nd quarter worth about $137,000. 4.80% of the stock is currently owned by institutional investors.

Itau Unibanco Banco Holding SA Company Profile

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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