Itau Unibanco Holding SA (NYSE:ITUB) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $13.50.

Several research firms have weighed in on ITUB. Citigroup upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Tuesday, August 27th. HSBC upgraded shares of Itau Unibanco from a “reduce” rating to a “hold” rating in a report on Friday, May 17th. Goldman Sachs Group began coverage on shares of Itau Unibanco in a report on Monday, June 10th. They issued a “sell” rating on the stock. Morgan Stanley upgraded shares of Itau Unibanco from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $9.50 to $13.50 in a report on Wednesday, August 7th. Finally, ValuEngine lowered shares of Itau Unibanco from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

NYSE:ITUB traded up $0.18 on Friday, hitting $8.82. The stock had a trading volume of 775,968 shares, compared to its average volume of 18,171,196. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.74. The stock has a market cap of $83.69 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.22 and a beta of 0.89. The company has a fifty day moving average price of $8.75 and a two-hundred day moving average price of $8.90. Itau Unibanco has a 1-year low of $6.57 and a 1-year high of $10.80.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Monday, July 29th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.60 billion. Itau Unibanco had a net margin of 15.57% and a return on equity of 18.40%. As a group, analysts anticipate that Itau Unibanco will post 0.74 earnings per share for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Wednesday, October 2nd will be issued a $0.0037 dividend. The ex-dividend date is Tuesday, October 1st. This represents a dividend yield of 5.1%. Itau Unibanco’s dividend payout ratio is currently 7.46%.

Hedge funds have recently modified their holdings of the company. Boston Common Asset Management LLC lifted its holdings in shares of Itau Unibanco by 32.9% in the 2nd quarter. Boston Common Asset Management LLC now owns 821,958 shares of the bank’s stock worth $7,743,000 after acquiring an additional 203,585 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Itau Unibanco by 0.3% during the 2nd quarter. Baillie Gifford & Co. now owns 43,293,178 shares of the bank’s stock worth $407,821,000 after buying an additional 131,190 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Itau Unibanco by 64.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 70,420 shares of the bank’s stock worth $663,000 after buying an additional 27,700 shares in the last quarter. Northcape Capital Pty Ltd lifted its holdings in Itau Unibanco by 23.4% during the 1st quarter. Northcape Capital Pty Ltd now owns 4,768,870 shares of the bank’s stock worth $42,014,000 after buying an additional 904,237 shares in the last quarter. Finally, Calamos Advisors LLC lifted its holdings in Itau Unibanco by 16.3% during the 2nd quarter. Calamos Advisors LLC now owns 1,447,074 shares of the bank’s stock worth $13,631,000 after buying an additional 203,000 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

About Itau Unibanco

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Analyst Recommendations for Itau Unibanco (NYSE:ITUB)

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