Itaú Unibanco (NYSE:ITUB) Reaches New 12-Month Low - Time to Sell?

Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $5.20 and last traded at $5.23, with a volume of 2709389 shares traded. The stock had previously closed at $5.27.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group cut Itaú Unibanco from a "buy" rating to a "neutral" rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $7.50.

Itaú Unibanco Trading Down 1.4 %

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The firm has a market cap of $50.92 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The firm's 50-day simple moving average is $5.93 and its 200 day simple moving average is $6.16.

Itaú Unibanco Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.0031 per share. The ex-dividend date is Monday, December 2nd. Itaú Unibanco's payout ratio is 46.15%.

Institutional Trading of Itaú Unibanco

Hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Itaú Unibanco by 1.3% in the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock valued at $174,930,000 after purchasing an additional 346,390 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Itaú Unibanco by 43.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 178,697 shares of the bank's stock valued at $1,188,000 after buying an additional 54,172 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Itaú Unibanco by 16.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank's stock valued at $103,000 after buying an additional 2,250 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Itaú Unibanco during the third quarter valued at about $40,685,000. Finally, MML Investors Services LLC lifted its holdings in shares of Itaú Unibanco by 23.3% in the third quarter. MML Investors Services LLC now owns 24,959 shares of the bank's stock worth $166,000 after buying an additional 4,720 shares in the last quarter.

About Itaú Unibanco

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.