Itaú Unibanco Holding S.A. (NYSE:ITUB – Get Free Report) announced a dividend on Tuesday, March 5th, NASDAQ reports. Investors of record on Monday, April 1st will be paid a dividend of 0.0036 per share by the bank on Thursday, May 9th. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Itaú Unibanco’s previous dividend of $0.003.
Itaú Unibanco has decreased its dividend payment by an average of 53.8% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.
Itaú Unibanco Stock Performance
NYSE:ITUB opened at $6.89 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.59 and a quick ratio of 1.58. Itaú Unibanco has a fifty-two week low of $4.43 and a fifty-two week high of $7.27. The business has a 50 day moving average price of $6.82 and a 200-day moving average price of $6.30.
Institutional Investors Weigh In On Itaú Unibanco
Several large investors have recently made changes to their positions in ITUB. Renaissance Technologies LLC increased its position in Itaú Unibanco by 244.7% in the first quarter. Renaissance Technologies LLC now owns 20,872,374 shares of the bank’s stock worth $119,181,000 after purchasing an additional 14,818,000 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Itaú Unibanco by 41.4% in the 1st quarter. BlackRock Inc. now owns 37,984,762 shares of the bank’s stock worth $216,894,000 after buying an additional 11,129,486 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Itaú Unibanco by 63.1% in the 2nd quarter. Lazard Asset Management LLC now owns 6,691,525 shares of the bank’s stock valued at $39,479,000 after acquiring an additional 2,588,679 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Itaú Unibanco during the 1st quarter valued at $13,992,000. Finally, UBS Group AG grew its holdings in Itaú Unibanco by 265.1% during the 1st quarter. UBS Group AG now owns 3,329,674 shares of the bank’s stock valued at $19,013,000 after purchasing an additional 2,417,611 shares during the last quarter.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Tuesday, January 16th. HSBC downgraded shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.
Get Our Latest Stock Report on ITUB
Itaú Unibanco Company Profile
Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.
See Also
- Five stocks we like better than Itaú Unibanco
- What is a Death Cross in Stocks?
- The Most Bought AI Stock by Congress Isn’t NVIDIA
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- 3 Stocks With Unusual Call Option Activity
- Where to Find Earnings Call Transcripts
- Trump Media & Technology Group Soars on Market Debut
Receive News & Ratings for Itaú Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itaú Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.