In recent trading session, Itau Unibanco Holding S.A. ADR (NYSE:ITUB) saw 1.44 million shares changing hands at last check today with its beta currently measuring 0.90. Company’s recent per share price level of $6.78 trading at -$0.04 or -0.68% at last check today assigns it a market valuation of $32.83B. That most recent trading price of ITUB’s stock is at a discount of -6.34% from its 52-week high price of $7.21 and is indicating a premium of 40.12% from its 52-week low price of $4.06. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.84 million shares which gives us an average trading volume of 16.91 million if we extend that period to 3-months.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Upright in the red during last session for losing -0.68%, in the last five days ITUB remained trading in the red while hitting it’s week-highest on Wednesday, 03/20/24 when the stock touched $6.78 price level, adding 3.56% to its value on the day. Itau Unibanco Holding S.A. ADR’s shares saw a change of -1.72% in year-to-date performance and have moved -0.82% in past 5-day. Itau Unibanco Holding S.A. ADR (NYSE:ITUB) showed a performance of -1.20% in past 30-days. Number of shares sold short was 21.98 million shares which calculate 1.28 days to cover the short interests.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
Statistics highlight that Itau Unibanco Holding S.A. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 26.85% of value to its shares in past 6 months, showing an annual growth rate of 12.33% while that of industry is 0.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 17.60% in the current quarter and calculating 16.70% increase in the next quarter. This year revenue growth is estimated to rise 8.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $8.33 billion for the same. And 1 analysts are in estimates of company making revenue of $8.55 billion in the next quarter that will end on Jun 2024. Company posted $7.41 billion and $7.85 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 12.50% while estimating it to be 8.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.71% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 21.27% while estimates for its earnings growth in next 5 years are of 9.60%.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 19.25 percent of that, with stock having share float percentage of 19.25%. Investors also watch the number of corporate investors in a company very closely, which is 19.25% institutions for Itau Unibanco Holding S.A. ADR that are currently holding shares of the company. Schroder Investment Management Group is the top institutional holder at ITUB for having 88.3 million shares of worth $597.36 million. And as of Dec 30, 2023, it was holding 1.82% of the company’s outstanding shares.
The second largest institutional holder is Westwood Global Investments, LLC, which was holding about 63.04 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 1.30% of outstanding shares, having a total worth of $426.49 million.
On the other hand, Advisers Investment Tr-JOHCM International Select Fd and JP Morgan Emerging Markets Equity Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 19.33 million shares of worth $130.78 million or 0.40% of the total outstanding shares. The later fund manager was in possession of 17.33 million shares on Oct 30, 2023, making its stake of worth around $117.24 million in the company or a holder of 0.36% of company’s stock.
