In an overview of the current analyst recommendations, Buy count is 12 and Overweight is 2 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. Finally, Matarin Capital Management LLC bought a new position in Itau Unibanco Banco Holding SA during the third quarter worth $207,000. Citigroup Inc. cut Itau Unibanco Banco Holding SA from a "buy" rating to a "neutral" rating in a report on Friday, August 25th. The Capital International Inc holds 2.32 million shares with $23.86 million value, down from 3.67M last quarter. Orbis Allan Gray Ltd trimmed its holdings by selling 1,102,402 shares a decrease of 12.9% in the quarter.
Sell-side analyst recommendations point to a short term price target of $13.12 on the shares of Itau Unibanco Holding S.A. (ITUB). The 50 day moving average moved up $1.15 and the 200 day average was up $1.75. The company has a market cap of $89.16 billion, a PE ratio of 11.96 and a beta of 1.60. This is an increase from Itau Unibanco Banco Holding SA's previous monthly dividend of $0.00. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has "Neutral" rating given on Thursday, October 15 by Citigroup. Stockholders of record on Wednesday, September 6th will be paid a $0.0047 dividend. The ex-dividend date will be Friday the 1st of September 2017.
It is the net asset value of a company, calculated as total assets minus intangible assets and liabilities. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.41%. Itau Unibanco Banco Holding SA's payout ratio is 5.36%. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has "Overweight" rating given on Tuesday, August 16 by JP Morgan. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & global copyright & trademark legislation. Shikiar Asset Management Inc sold 15,325 shares as Teva Pharmaceutical (TEVA)'s stock declined 15.11%.
ITUB has been the topic of several research analyst reports.
Another recent and important Itau Unibanco Holding SA (ADR) (NYSE:ITUB) news was published by Schaeffersresearch.com which published an article titled: "Petroleo Brasileiro SA Petrobras, Itau Unibanco, GlycoMimetics Stocks Moving Today" on May 18, 2017. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has risen 47.22% since September 12, 2016 and is uptrending. Itau Unibanco Banco Holding SA has a 52 week low of $9.10 and a 52 week high of $13.65. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Credit Suisse downgraded it to "Underperform" rating and $30 target in Tuesday, October 13 report.
Itau Unibanco Holding S.A.is a holding company. The Firm provides a range of financial services and products to individual and corporate clients in Brazil and overseas. The Company's divisions include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies. The Company, through its subsidiaries, is involved in other activities, with a focus on insurance, private pension plans, capitalization, securities brokerage and administration of credit cards, consortia, investment funds and managed portfolios.