In today’s recent session, 5.66 million shares of the Itau Unibanco Holding S.A. ADR (NYSE:ITUB) have been traded, and its beta is 0.34. Most recently the company’s share price was $5.96, and it changed around $0.03 or 0.51% from the last close, which brings the market valuation of the company to $28.71B. ITUB at last check was trading at a discount to its 52-week high of $7.01, offering almost -17.62% off that amount. The share price’s 52-week low was $4.86, which indicates that the recent value has risen by an impressive 18.46% since then. We note from Itau Unibanco Holding S.A. ADR’s average daily trading volume that its 10-day average is 30.97 million shares, with the 3-month average coming to 27.32 million.
Itau Unibanco Holding S.A. ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended ITUB as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Itau Unibanco Holding S.A. ADR is expected to report earnings per share of 0.19 for the current quarter.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB) trade information
Instantly ITUB has been showing a green trend so far today with a performance of 0.51% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.03 on recent trading dayincreased the stock’s daily price by 1.16%. The company’s shares are currently up 20.29% year-to-date, but still up 1.88% over the last five days. On the other hand, Itau Unibanco Holding S.A. ADR (NYSE:ITUB) is 18.31% up in the 30-day period. We can see from the shorts that 27.58 million shares have been sold at a short interest cover period of 0.96 day(s).
The consensus price target as assigned by Wall Street analysts is $6.8, which translates to bulls needing to increase their stock price by 12.35% from its current value. Analyst projections state that ITUB is forecast to be at a low of $6.8 and a high of $6.8.
Itau Unibanco Holding S.A. ADR (ITUB) estimates and forecasts
The year-over-year growth rate is expected to be 6.16%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 43.02B in revenue for the current quarter. 2 analysts expect Itau Unibanco Holding S.A. ADR to make 44.4B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 40.4B and 42.41B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.49%. Forecasts for the next quarter put sales growth at 4.69%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.98%. Itau Unibanco Holding S.A. ADR earnings are expected to increase by 11.36% in 2025, but the outlook is positive 10.15% per year for the next five years.
ITUB Dividends
Itau Unibanco Holding S.A. ADR’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 0.63 percent and its annual dividend per share was 0.04. It is important to note, however, that the 0.63% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.13 per year.
Itau Unibanco Holding S.A. ADR (NYSE:ITUB)’s Major holders
WESTWOOD GLOBAL INVESTMENTS, LLC, with 0.6038% or 59.44 million shares worth $347.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Series Emerging Markets Opportunities Fund and New World Fund, Inc. were the top two Mutual Funds as of Nov 30, 2024 . The former held 35.16 shares worth $210.42 million, making up 0.73% of all outstanding shares. On the other hand, New World Fund, Inc. held roughly 20.72 shares worth around $123.99 million, which represents about 0.43% of the total shares outstanding.
