Brokerage Overview of: Itau Unibanco Holding SA (NYSE:ITUB)

Cornelia Mascio
Novembre 25, 2017

The stock has "Underperform" rating by Scotia Capital on Tuesday, March 15.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITUB. FMR LLC now owns 28,977,612 shares of the bank's stock worth $320,203,000 after purchasing an additional 2,108,771 shares during the period. Bank of Montreal Can now owns 1,037,582 shares of the bank's stock valued at $11,465,000 after purchasing an additional 63,745 shares in the last quarter. Their projections for the Next Quarter growth is -3.3 percent. ITUB has diverse figures for different time frames; starting from week's performance plunged 5.83% in last five regular trading sessions.

Itau Unibanco Holding S.A. (NYSE:ITUB) shares of firm has 20 days moving average price of 2.75% from last close price of 13.26 and act as support or resistance of price limit. The company's stock had a trading volume of 6,703,100 shares, compared to its average volume of 11,316,573. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.57. The 52-Week High range of the stock is $147.17, while the 52-week low range is $94.55. The company has a market cap of $81.76B.

The firm also recently declared a monthly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 4th will be given a $0.005 dividend. This is a boost from Itau Unibanco Banco Holding SA's previous monthly dividend of $0.00475. Itau Unibanco Banco Holding SA's dividend payout ratio is 5.17%. Trading was heavy with 6,703,163 shares changing hands by the end of trading on Thursday. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.

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Analysts await Ramaco Resources Inc (NASDAQ:METC) to report earnings on March, 27. ValuEngine downgraded shares of Itau Unibanco Banco Holding SA from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 9th. Finally, APG Asset Management N.V. boosted its stake in shares of Itau Unibanco Holding SA by 1.7% in the third quarter.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.74 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

Sell side analysts plays vital role in buying and selling a stock where 0 analysts rated Itau Unibanco Holding S.A. (NYSE) as Buy, 0 analysts given Outperform signal, 0 reported Hold, and 1 analysts rated the stock as Sell.

Itau Unibanco Holding SA 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 operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation.

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