During the last session, Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s traded shares were 26.87 million, with the beta value of the company hitting 0.92. At the end of the trading day, the stock’s price was $6.49, reflecting an intraday loss of -1.37% or -$0.09. The 52-week high for the ITUB share is $7.21, that puts it down -11.09 from that peak though still a striking 29.89% gain since the share price plummeted to a 52-week low of $4.55. The company’s market capitalization is $31.45B, and the average intraday trading volume over the past 10 days was 11.56 million shares, and the average trade volume was 16.60 million shares over the past three months.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Itau Unibanco Holding S.A. ADR (ITUB) registered a -1.37% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.37% in intraday trading to $6.49, hitting a weekly high. The stock’s 5-day price performance is -6.44%, and it has moved by -3.78% in 30 days. Based on these gigs, the overall price performance for the year is 43.56%. The short interest in Itau Unibanco Holding S.A. ADR (NYSE:ITUB) is 28.9 million shares and it means that shorts have 1.77 day(s) to cover.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
Statistics show that Itau Unibanco Holding S.A. ADR has outperformed its competitors in share price, compared to the industry in which it operates. Itau Unibanco Holding S.A. ADR (ITUB) shares have gone up 28.58% during the last six months, with a year-to-date growth rate more than the industry average at 12.33% against 0.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 17.60% this quarter and then jump 16.70% in the quarter after that. In the rating firms’ projections, revenue will increase 8.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $8.33 billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $8.55 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.41 billion and $7.85 billion respectively. In this case, analysts expect current quarter sales to grow by 12.50% and then jump by 8.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.71%. While earnings are projected to return 21.27% in 2024, the next five years will return 9.60% per annum.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Itau Unibanco Holding S.A. ADR is 0.09, with the dividend yield indicating at 1.42 percent, continuing the trend of increasing dividends in recent years.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders
Itau Unibanco Holding S.A. ADR insiders own 0.00% of total outstanding shares while institutional holders control 19.28%, with the float percentage being 19.28%. Schroder Investment Management Group is the largest shareholder of the company, while 457 institutions own stock in it. As of Jun 29, 2023, the company held over 94.38 million shares (or 1.95% of all shares), a total value of $556.84 million in shares.
The next largest institutional holding, with 61.73 million shares, is of Westwood Global Investments, LLC’s that is approximately 1.27% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $364.19 million.
Also, the Mutual Funds coming in first place with the largest holdings of Itau Unibanco Holding S.A. ADR (ITUB) shares are Advisers Investment Tr-JOHCM International Select Fd and Hartford/Schroders Emerging Markets Equity Fd. Data provided on Jun 29, 2023 indicates that Advisers Investment Tr-JOHCM International Select Fd owns about 23.56 million shares. This amounts to just over 0.49 percent of the company’s overall shares, with a $138.97 million market value. The same data shows that the other fund manager holds slightly less at 15.43 million, or about 0.32% of the stock, which is worth about $92.71 million.
