Itau Unibanco Holding S.A. (NYSE:ITUB) has a beta value of 0.84 and has seen 25,400,808 shares traded in the recent trading session. The company, currently valued at $46.4 Billion, closed the recent trade at $4.89 per share which meant it lost -$0.18 on the day or -3.48% during that session. The ITUB stock price is -30.27% off its 52-week high price of $6.37 and 28.83% above the 52-week low of $3.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 35.98 Million shares traded. The 3-month trading volume is 44.51 Million shares.
The consensus among analysts is that Itau Unibanco Holding S.A. (ITUB) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 14 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.11.
Itau Unibanco Holding S.A. (NYSE:ITUB) trade information
Despite being -3.48% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the ITUB stock price touched $5.25-6 or saw a rise of 6.86%. Year-to-date, Itau Unibanco Holding S.A. shares have moved -19.7%, while the 5-day performance has seen it change -0.81%. Over the past 30 days, the shares of Itau Unibanco Holding S.A. (NYSE:ITUB) have changed 2.52%. Short interest in the company has seen 12.33 Million shares shorted with days to cover at 0.28.
Wall Street analysts have a consensus price target for the stock at $6.34, which means that the shares’ value could jump 29.65% from the levels at last check today. The projected low price target is $5 while the price target rests at a high of $7.5. In that case, then, we find that the latest price level in today’s session is +53.37% off the targeted high while a plunge would see the stock lose 2.25% from the levels at last check today.
Itau Unibanco Holding S.A. (ITUB) estimates and forecasts
Figures show that Itau Unibanco Holding S.A. shares have outperformed across the wider relevant industry. The company’s shares have gained +23.46% over the past 6 months, with this year growth rate of 20%, compared to 19.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 22.2% and 200% for the next quarter. Revenue growth from the last financial year stood is estimated to be +18.8%.
2 analysts offering their estimates for the company have set an average revenue estimate of $5.29 Billion for the current quarter. 2 have an estimated revenue figure of $5.51 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $3.13 Billion for this quarter, and analysts expect sales will grow by 69.1% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.8% over the past 5 years. Earnings growth for 2021 is a modest -30.4% while over the next 5 years, the company’s earnings are expected to increase by 1.5%.
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Itau Unibanco Holding S.A. is expected to release its next earnings report in June, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.11 at a share yield of 2.16%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.78%.
Itau Unibanco Holding S.A. (NYSE:ITUB)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 24.58% with a share float percentage of 24.58%. Investors are also buoyed by the number of investors in a company, with Itau Unibanco Holding S.A. having a total of 461 institutions that hold shares in the company. The top two institutional holders are Harding Loevner LLC with over 199.54 Million shares worth more than $1.22 Billion. As of December 30, 2020, Harding Loevner LLC held 4.12% of shares outstanding.
The other major institutional holder is Schroder Investment Management Group, with the holding of over 151.49 Million shares as of December 30, 2020. The firm’s total holdings are worth over $922.6 Million and represent 3.13% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Harding, Loevner Funds, Inc-International Equity Portfolio and Fidelity Series Emerging Markets Opportunities Fund. As of January 30, 2021, the former fund manager holds about 1.08% shares in the company for having 52213099 shares of worth $272.55 Million while later fund manager owns 34.84 Million shares of worth $157.83 Million as of February 27, 2021, which makes it owner of about 0.72% of company’s outstanding stock.