Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) was the recipient of unusually large options trading on Monday. Traders bought 10,030 call options on the stock. This is an increase of approximately 633% compared to the typical daily volume of 1,368 call options.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ITUB shares. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective on the stock in a research report on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Itaú Unibanco currently has a consensus rating of "Buy" and a consensus target price of $6.90.
Read Our Latest Stock Analysis on Itaú Unibanco
Institutional Investors Weigh In On Itaú Unibanco
Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in shares of Itaú Unibanco by 68.5% in the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank's stock worth $38,000 after buying an additional 2,469 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Itaú Unibanco during the fourth quarter valued at approximately $35,000. Quantinno Capital Management LP bought a new stake in shares of Itaú Unibanco in the 3rd quarter valued at approximately $68,000. MQS Management LLC purchased a new position in shares of Itaú Unibanco in the 3rd quarter worth approximately $70,000. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Itaú Unibanco during the 4th quarter valued at approximately $57,000.
Itaú Unibanco Price Performance
ITUB stock traded up $0.01 during mid-day trading on Thursday, hitting $5.87. The company had a trading volume of 15,467,403 shares, compared to its average volume of 26,304,510. The company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.67 and a beta of 0.95. The company has a 50-day moving average price of $5.35 and a 200 day moving average price of $5.96. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco has a 12-month low of $4.86 and a 12-month high of $7.27.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 EPS 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 19.76%. On average, research analysts anticipate that Itaú Unibanco will post 0.82 earnings per share for the current year.
Itaú Unibanco Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be given a $0.058 dividend. The ex-dividend date is Wednesday, February 19th. This is a boost from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's payout ratio is currently 71.79%.
About Itaú Unibanco
(
Get Free Report)
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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