Is Itau Unibanco Holding SA (NYSE:ITUB) a “hold”?
On Monday, Itau Unibanco Holding SA (NYSE:ITUB) announced its monthly dividend. Stockholders on record of 14 September will be paid the dividend of $0.0066/share on 11 October. The ex-dividend date is 30 August and this represents an annualized dividend of $0.08 and a 0.60% dividend yield.
Recently, a sizeable number of analysts have weighed the company shares. On Thursday, Zacks analysts have reiterated a “neutral” rating on the shares and have set a price-target of $13.00 on ITUB stock.
Itau Unibanco Holding SA (NYSE:ITUB) rose by 2.16% on Monday. The opening price of the shares was $13.08, which touched an intraday high of $13.41 and closed and $13.23. Around 23.6M shares were traded in Monday’s session. The average volume of shares sold over a 30 day period was 12.40M. The company has a market cap of $62.73B and its P/E ratio is 9.75. ITUB has a 52 week low of $11.38 and its 52-week high is $17.3364. Currently, the 50-day moving average of the stock is $12.57.
Itau Unibanco Holding SA is a Brazilian bank that was previously known as ItaÃº Unibanco Banco MÃºltiplo SA. It primarily operates in various banking operations such as commercial banking via ItaÃº Unibanco. The corporate and investment banking functions are run via Banco ItaÃº BBA SA.
The Brazil-based ITUB is a holding that is active in the banking sector. The company operates in distinct segments- Commercial Banking, Pension Plans, Insurance, Life and Savings Bonds. Its foreign business segment deals in iTau BBA and Consumer Credit. The company offers a variety of financial services such as credits, investing tools, insurance policies, savings accounts, credit cards, project financing and mortgage loans.
The company also offers asset management solutions in addition to a host of other services. ITUB operates in Brazil, Switzerland, Argentina, The UAE, and U.S as well as in China.