In the last trading session, 9.39 million Itau Unibanco Holding S.A. ADR (NYSE:ITUB) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $6.88 changed hands at $0.14 or 2.08% during last session, the market valuation stood at $33.34B. ITUB’s last price was a discount, traded about -4.8% off its 52-week high of $7.21. The share price had its 52-week low at $4.25, which suggests the last value was 38.23% up since then. When we look at Itau Unibanco Holding S.A. ADR’s average trading volume, we note the 10-day average is 12.2 million shares, with the 3-month average coming to 16.67 million.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Instantly ITUB was in green as seen at the end of in last trading. With action 0.57%, the performance over the past five days has been green. The jump to weekly highs of 7.03 added 2.08% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.19%, with the 5-day performance at 0.57% in the green. However, in the 30-day time frame, Itau Unibanco Holding S.A. ADR (NYSE:ITUB) is 0.33% up. Looking at the short shares, we see there were 21.98 million shares sold at short interest cover period of 1.28 days.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
Data shows that the Itau Unibanco Holding S.A. ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 29.77% over the past 6 months, a 12.33% in annual growth rate that is considerably higher than the industry average of 0.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Itau Unibanco Holding S.A. ADR will rise 17.60%, while the growth in revenue is estimated to hit 16.70% for the next quarter. Year-over-year growth is forecast to reach 8.10% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $8.33 billion. 1 analysts are of the opinion that Itau Unibanco Holding S.A. ADR’s revenue for the quarter ending Jun 2024 will be $8.55 billion. The company’s revenue for the corresponding quarters a year ago was $7.41 billion and $7.85 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.50%. The estimates for the next quarter sales put growth at 8.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.71%. The 2024 estimates are for Itau Unibanco Holding S.A. ADR earnings to increase by 21.27%, but the outlook for the next 5-year period is at 9.60% per year.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is expected to release its next quarterly earnings report in April. The 3.25% annual yield figure for the share gives it an annual dividend of 0.22. It is important to note, however, that the 3.25% 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.
Itau Unibanco Holding S.A. ADR (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. ADR shares while 19.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.24%. There are 19.24% institutions holding the Itau Unibanco Holding S.A. ADR stock share, with Schroder Investment Management Group the top institutional holder. As of Jun 29, 2023, the company held 1.95% of the shares, roughly 94.38 million ITUB shares worth $556.84 million.
Westwood Global Investments, LLC holds the second largest percentage of outstanding shares, with 1.27% or 61.73 million shares worth $364.19 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Advisers Investment Tr-JOHCM International Select Fd and Hartford/Schroders Emerging Markets Equity Fd. With 23.56 million shares estimated at $138.97 million under it, the former controlled 0.49% of total outstanding shares. On the other hand, Hartford/Schroders Emerging Markets Equity Fd held about 0.32% of the shares, roughly 15.43 million shares worth around $92.71 million.
