Is Itau Unibanco Holding SA (NYSE:ITUB) a “hold”?

Posted by Lacee Page August 13, 2013 0 Comment 1024 views


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.

Latest statistics

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 Itaú Unibanco Banco Múltiplo SA. It primarily operates in various banking operations such as commercial banking via Itaú Unibanco. The corporate and investment banking functions are run via Banco Itaú BBA SA.

The company

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.


About Lacee Page

Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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