The monthly dividend for Ita Unibanco Holding S.A. (NYSE: ITUB), which was paid out on January 5th, was disbursed, as reported by Zacks. As a result, those shareholders who submitted their records to the bank by the deadline of Thursday, February 2nd, will be qualified to receive a dividend payment from the bank of $0.002 per share. This dividend payment is scheduled to be distributed on Monday, March 13th. This equates to an annual dividend payment of $0.002 and a dividend yield of 0.50% for the stock each year. The date designated as the “ex-dividend date” for this dividend is Wednesday, February 1st.
Ita Unibanco’s dividend is well supported by the company’s profits, as shown by the fact that the dividend payout ratio for the company is 5.1%. Over the following calendar year, it is anticipated that Ita Unibanco will generate $0.69 per share of the revenue. This would result in a payout ratio of 5.8%, allowing the company to cover its annual dividend payment of $0.04 in full.
ITUB began trading on Friday at $4.78. The simple moving average for the past 50 days of the company’s stock price is $4.92, and the simple moving average for the past 200 days is $4.94. The company has a price-to-earnings ratio of 8.54, a price-to-earnings-to-growth ratio of 0.42, and a beta value of 0.71. Its value is estimated to be 46.84 billion dollars at this time. The debt-to-equity ratio is calculated to be 2.40, the current ratio is calculated to be 1.69, and the quick ratio is also calculated to be 1.69. During the previous year, the price of Ita Unibanco fluctuated between $3.84 and $6.07, reaching a low of $3.84 and a high of $6.07.
The most recent quarterly earnings report for Ita Unibanco, which is traded on the New York Stock Exchange under ITUB, was made public on November 10th. The bank achieved earnings of $0.16 per share for the quarter, which was in line with the $0.16 per share market participants had anticipated the bank would achieve. In addition, Ita Unibanco had a return on equity of 17.42 percent, and the company’s net margin was 10.97 percent. $7.01 billion was recorded as the company’s revenue during the period in question. It is anticipated by industry analysts that Ita Unibanco will generate earnings of $0.61 per share during the current fiscal year.
There has recently been a lot of activity in the market from hedge funds and other institutional investors. They have been buying and selling shares of the company. BlackRock Inc. increased the percentage of Ita Unibanco stock owned by 41.4% during the first three months of 2018. In the first three months of 2018, BlackRock Inc. increased its holdings in Ita Unibanco by 41.4%. This was accomplished by purchasing 11,129,486 shares of the bank’s stock during the preceding quarter. The current value of BlackRock Inc.’s total holdings is $216,894,000. The value of BlackRock Inc.’s total holdings has increased to $216,894,000 due to the company’s recent purchase of 11,129,486 shares of the bank’s stock during the preceding quarter. During the first three months of the year, Renaissance Technologies LLC saw a 244.7 percent increase in the value of its holdings in Ita Unibanco. Renaissance Technologies LLC now has a total holding of 20,872,374 shares of the company’s stock, which has a value of $119,181,000 after purchasing an additional 14,818,000 shares of the bank’s stock during the most recent period. The percentage of Ita Unibanco shares that State Street Corporation owned grew by 0.4 percent during the third quarter. State Street Corp. now holds 10,908,262 shares of the bank’s stock, with a market value of $56,432,000. This resulted from purchasing 46,678 additional shares during the most recent fiscal quarter. UBS Group AG’s holdings in Ita Unibanco increased by a combined total of 265.1% over the first three months of the year 2018. UBS Group AG now has 3,329,674 shares of the bank’s stock, which are currently valued at $19,013,000 after purchasing an additional 2,417,611 shares during the most recent period. During the first quarter, Lazard Asset Management LLC increased the amount of Ita Unibanco stock owned by 13.9%, making this the last and most important point. Lazard Asset Management LLC now has a total of 2,781,618 shares of the bank in its possession following the acquisition of an additional 340,059 shares during the most recent quarter. The value of these shares as of right now is $15,882,000 in total. 2.25 percent of the total number of shares outstanding in the company are owned by institutional investors who have purchased the stock.
Recent studies have concentrated on ITUB because it has recently been the subject of a lot of research. Scotiabank’s recommendation for Ita Unibanco’s stock was changed from “sector perform” to “outperform” on October 5th, 2013. The stock’s recent performance was considered when making this decision. In a research report released on November 15th, Barclays gave Ita Unibanco an “overweight” rating, an upgrade from its previous rating of “neutral.” Additionally, during the same period, the price target for the company was increased from $5.50 to $7.00. Goldman Sachs Group finally upgraded their recommendation for Ita Unibanco stock from “neutral” to “buy” in a research report published on Thursday, September 29th. In addition, Goldman Sachs Group raised their price objective for the company from $5.40 to $7.00.
Ita Unibanco Holding S.A. markets its wares and provides its services to customers based not only in Brazil but also in other countries, as well as to individuals and companies located worldwide. The company can be divided into three distinct business divisions: retail banking, wholesale banking, and market and corporate operations. The retail banking sector of the banking industry encompasses a wide range of sub-sectors, including asset management, insurance, pension plans, capital goods, and credit cards, among other financial products and services. This market sector serves consumers and companies with fewer than 100 employees looking for credit products and services.