In the latest trading session, 8.9 million Itau Unibanco Holding S.A. (NYSE:ITUB) shares changed hands as the company’s beta touched 0.85. With the company’s most recent per share price at $6.39 changing hands around $0.04 or 0.68% at last look, the market valuation stands at $60.63B. ITUB’s current price is a discount, trading about -5.79% off its 52-week high of $6.76. The share price had its 52-week low at $3.85, which suggests the last value was 39.75% up since then. When we look at Itau Unibanco Holding S.A.’s average trading volume, we note the 10-day average is 44.34 million shares, with the 3-month average coming to 37.28 million.
Analysts gave the Itau Unibanco Holding S.A. (ITUB) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended ITUB as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Itau Unibanco Holding S.A.’s EPS for the current quarter is expected to be $0.12.
Itau Unibanco Holding S.A. (NYSE:ITUB) trade information
Instantly ITUB is in green as seen in intraday trades today. With action -0.31%, the performance over the past five days has been red. The jump to weekly highs of 6.76 on Friday, 06/18/21 added 0.68% to the stock’s daily price. The company’s shares are showing year-to-date upside of 5.09%, with the 5-day performance at -0.31% in the red. However, in the 30-day time frame, Itau Unibanco Holding S.A. (NYSE:ITUB) is 16.93% up. Looking at the short shares, we see there were 16.68 million shares sold at short interest cover period of 0.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is $6.64, meaning bulls need an upside of 3.77% from its recent market value. According to analyst projections, ITUB’s forecast low is $4.95 with $7.70 as the target high. To hit the forecast high, the stock’s price needs a -20.5% plunge from its current level, while the stock would need to tank 22.54% for it to hit the projected low.
Itau Unibanco Holding S.A. (ITUB) estimates and forecasts
Data shows that the Itau Unibanco Holding S.A. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.91% over the past 6 months, a 20.00% in annual growth rate that is considerably lower than the industry average of 26.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Itau Unibanco Holding S.A. will rise 200.00%, while the growth in revenue is estimated to hit 20.00% for the next quarter. Year-over-year growth is forecast to reach 14.60% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $5.51 billion. 2 analysts are of the opinion that Itau Unibanco Holding S.A.’s revenue for the quarter ending Sep 2021 will be $5.82 billion. The company’s revenue for the corresponding quarters a year ago $5.27 billion respectively. The estimates for the next quarter sales put growth at 10.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.80%. The 2021 estimates are for Itau Unibanco Holding S.A. earnings to decrease by -30.40%, but the outlook for the next 5-year period is at 1.50% per year.
Itau Unibanco Holding S.A. is expected to release its next quarterly earnings report in July. The 1.73% annual yield figure for the share gives it an annual dividend of 0.11. It is important to note, however, that the 1.73% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.79 per year.
Itau Unibanco Holding S.A. (NYSE:ITUB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of Itau Unibanco Holding S.A. shares while 23.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 23.40%. There are 23.40% institutions holding the Itau Unibanco Holding S.A. stock share, with Schroder Investment Management Group the top institutional holder. As of Mar 30, 2021, the company held 3.34% of the shares, roughly 162.0 million ITUB shares worth $803.53 million.
Harding Loevner LLC holds the second largest percentage of outstanding shares, with 2.82% or 136.76 million shares worth $678.35 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Jan 30, 2021 were Harding, Loevner Funds, Inc-International Equity Portfolio and Fidelity Series Emerging Markets Opportunities Fund. With 52.21 million shares estimated at $272.55 million under it, the former controlled 1.08% of total outstanding shares. On the other hand, Fidelity Series Emerging Markets Opportunities Fund held about 0.72% of the shares, roughly 34.73 million shares worth around $172.24 million.