Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) declared a dividend on Wednesday, December 25th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 4th will be given a dividend of 0.0029 per share by the bank on Tuesday, April 8th. The ex-dividend date is Tuesday, March 4th.
Itaú Unibanco has decreased its dividend payment by an average of 26.9% annually over the last three years. Itaú Unibanco has a dividend payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Itaú Unibanco to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.4%.
Itaú Unibanco Stock Performance
Shares of NYSE ITUB traded up $0.18 during midday trading on Wednesday, hitting $5.65. 24,921,496 shares of the company's stock were exchanged, compared to its average volume of 25,042,707. The firm has a market capitalization of $55.33 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco has a 12 month low of $4.86 and a 12 month high of $7.04. The company's 50 day moving average price is $5.49 and its 200 day moving average price is $5.92.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. As a group, analysts predict that Itaú Unibanco will post 0.8 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ITUB. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price target on the stock in a report on Monday, January 13th. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their target price on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $6.90.
Read Our Latest Stock Report on ITUB
About Itaú Unibanco
(
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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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