Itau Unibanco Holding S.A. ADR (NYSE:ITUB) has a beta value of 0.96 and has seen 14.21 million shares traded in the last trading session. The company, currently valued at $30.31B, closed the last trade at $6.27 per share which meant it gained $0.08 on the day or 1.29% during that session. The ITUB stock price is -13.08% off its 52-week high price of $7.09 and 19.14% above the 52-week low of $5.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.35 million shares traded. The 3-month trading volume is 18.92 million shares.
The consensus among analysts is that Itau Unibanco Holding S.A. ADR (ITUB) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.19.
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Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Sporting 1.29% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ITUB stock price touched $6.27 or saw a rise of 2.94%. Year-to-date, Itau Unibanco Holding S.A. ADR shares have moved -7.43%, while the 5-day performance has seen it change -2.64%. Over the past 30 days, the shares of Itau Unibanco Holding S.A. ADR (NYSE:ITUB) have changed -5.25%. Short interest in the company has seen 29.58 million shares shorted with days to cover at 1.57.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 10.43% from current levels. The projected low price target is $4.5 while the price target rests at a high of $8.0. In that case, then, we find that the current price level is -27.59% off the targeted high while a plunge would see the stock lose 28.23% from current levels.
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 3.98% over the past 6 months, with this year growth rate of 6.85%, compared to 4.40% for the industry. Revenue growth from the last financial year stood is estimated to be 2.80%.
1 analysts offering their estimates for the company have set an average revenue estimate of 7.82B for the current quarter. 1 have an estimated revenue figure of 8.27B for the next ending quarter. Year-ago sales stood 8.09B and 8.27B respectively for this quarter and the next, and analysts expect sales will shrink by -3.30% for the current quarter and 2.80% 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 11.69% while over the next 5 years, the company’s earnings are expected to increase by 9.90%.
ITUB Dividends
Itau Unibanco Holding S.A. ADR is expected to release its next earnings report in November 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 1.43%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.12%.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders
The top two institutional holders are SCHRODER INVESTMENT MANAGEMENT GROUP with over 85.63 million shares worth more than $500.09 million. As of 2024-06-30, SCHRODER INVESTMENT MANAGEMENT GROUP held 0.8698% of shares outstanding.
The other major institutional holder is WESTWOOD GLOBAL INVESTMENTS, LLC, with the holding of over 59.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $347.13 million and represent 0.6038% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are New World Fund, Inc. and Hartford/Schroders Emerging Markets Equity Fd . As of Jul 31, 2024 , the former fund manager holds about 0.48% shares in the company for having 23.45 shares of worth $147.05 million while later fund manager owns 15.49 shares of worth $97.15 million as of Jul 31, 2024 , which makes it owner of about 0.32% of company’s outstanding stock.
