Itau Unibanco Holding SA (NYSE:ITUB) announced a monthly dividend on Wednesday, December 11th, Wall Street Journal reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.0036 per share by the bank on Thursday, February 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Thursday, January 2nd.
NYSE:ITUB traded down $0.06 during trading hours on Wednesday, reaching $8.59. 25,352,492 shares of the company were exchanged, compared to its average volume of 18,835,492. The company has a market capitalization of $84.28 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.26 and a beta of 0.78. Itau Unibanco has a 1-year low of $7.59 and a 1-year high of $10.80. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50 day moving average of $8.64 and a 200 day moving average of $8.79.
Itau Unibanco (NYSE:ITUB) last released its earnings results on Monday, November 4th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Itau Unibanco had a return on equity of 18.63% and a net margin of 14.61%. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $7.75 billion. As a group, equities research analysts anticipate that Itau Unibanco will post 0.71 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut Itau Unibanco from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. Citigroup upgraded Itau Unibanco from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 27th. ValuEngine upgraded Itau Unibanco from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, UBS Group cut Itau Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.75.
Itau Unibanco Company Profile
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
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