Itau Unibanco Holding S.A. ADR (NYSE:ITUB) has a beta value of 0.90 and has seen 8.58 million shares traded in the last trading session. The company, currently valued at $33.38B, closed the last trade at $6.89 per share which meant it lost -$0.01 on the day or -0.14% during that session. The ITUB stock price is -5.52% off its 52-week high price of $7.27 and 40.64% above the 52-week low of $4.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.48 million shares traded. The 3-month trading volume is 16.77 million shares.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Sporting -0.14% in the red in last session, the stock has traded in the red over the last five days, when the ITUB stock price touched $6.89 or saw a rise of 2.13%. Year-to-date, Itau Unibanco Holding S.A. ADR shares have moved -0.76%, while the 5-day performance has seen it change -0.58%. Over the past 30 days, the shares of Itau Unibanco Holding S.A. ADR (NYSE:ITUB) have changed -0.81%. Short interest in the company has seen 21.98 million shares shorted with days to cover at 1.28.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
Figures show that Itau Unibanco Holding S.A. ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 25.18% over the past 6 months, with this year growth rate of 12.33%, compared to 1.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 17.60% and 16.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 8.40%.
1 analysts offering their estimates for the company have set an average revenue estimate of $8.33 billion for the current quarter. 1 have an estimated revenue figure of $8.55 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $7.41 billion and $7.85 billion respectively for this quarter and the next, and analysts expect sales will grow by 12.50% for the current quarter and 8.90% for the next.
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 -0.71% over the past 5 years. Earnings growth for 2024 is a modest 21.36% while over the next 5 years, the company’s earnings are expected to increase by 9.60%.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.09 at a share yield of 1.34%. The company’s dividend yield has gone up over the past 12 months.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 19.22% with a share float percentage of 19.22%. Investors are also buoyed by the number of investors in a company, with Itau Unibanco Holding S.A. ADR having a total of 457 institutions that hold shares in the company. The top two institutional holders are Schroder Investment Management Group with over 94.38 million shares worth more than $556.84 million. As of Jun 29, 2023, Schroder Investment Management Group held 1.95% of shares outstanding.
The other major institutional holder is Westwood Global Investments, LLC, with the holding of over 61.73 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $364.19 million and represent 1.27% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Advisers Investment Tr-JOHCM International Select Fd and Hartford/Schroders Emerging Markets Equity Fd. As of Jun 29, 2023, the former fund manager holds about 0.49% shares in the company for having 23.56 million shares of worth $138.97 million while later fund manager owns 15.43 million shares of worth $92.71 million as of Jul 30, 2023, which makes it owner of about 0.32% of company’s outstanding stock.
