Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $5.02, but opened at $5.14. Itaú Unibanco shares last traded at $5.11, with a volume of 1,087,712 shares traded.
Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. UBS Group downgraded Itaú Unibanco from a "buy" rating to a "neutral" rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Itaú Unibanco has a consensus rating of "Moderate Buy" and a consensus price target of $7.50.
View Our Latest Report on Itaú Unibanco
The company has a market cap of $49.98 billion, a PE ratio of 6.54, a PEG ratio of 0.68 and a beta of 0.95. The stock has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $6.13. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75.
The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 2nd will be issued a $0.0031 dividend. The ex-dividend date is Monday, December 2nd. Itaú Unibanco's dividend payout ratio is currently 46.15%.
Several institutional investors have recently modified their holdings of ITUB. Fisher Asset Management LLC lifted its position in shares of Itaú Unibanco by 6.1% in the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank's stock valued at $336,408,000 after acquiring an additional 2,886,508 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Itaú Unibanco by 14.8% in the second quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank's stock valued at $221,505,000 after buying an additional 4,888,099 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Itaú Unibanco by 1.3% during the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock valued at $174,930,000 after buying an additional 346,390 shares during the period. Itau Unibanco Holding S.A. grew its stake in Itaú Unibanco by 2.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank's stock worth $134,606,000 after acquiring an additional 529,600 shares during the period. Finally, FMR LLC raised its holdings in Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank's stock valued at $156,171,000 after acquiring an additional 23,299,313 shares during the last quarter.
Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.
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