Itaú Unibanco (ITUB) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Itaú Unibanco in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ITUB shares.
View ITUB analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12-month target prices for Itaú Unibanco's stock. Their ITUB share price forecasts range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
View analysts price targets for ITUB or view top-rated stocks among Wall Street analysts.

Itaú Unibanco's stock was trading at $4.71 at the beginning of the year. Since then, ITUB shares have increased by 13.4% and is now trading at $5.34.
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Itaú Unibanco saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 29,750,000 shares, a decline of 34.7% from the March 31st total of 45,540,000 shares. Based on an average trading volume of 32,140,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company's stock are sold short.
View Itaú Unibanco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our ITUB earnings forecast.

Itaú Unibanco Holding S.A. (NYSE:ITUB) issued its quarterly earnings data on Tuesday, November, 3rd. The bank reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The bank earned $4.80 billion during the quarter, compared to analysts' expectations of $5.46 billion. Itaú Unibanco had a trailing twelve-month return on equity of 17.88% and a net margin of 10.38%.

Itaú Unibanco declared a monthly dividend on Thursday, May 11th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.003 per share on Thursday, July 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for ITUB.

ETFs with the largest weight of Itaú Unibanco (NYSE:ITUB) stock in their portfolio include iShares Latin America 40 ETF (ILF), Avantis Emerging Markets Value ETF (AVES), iShares Global Financials ETF (IXG) and SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM).SPDR MSCI ACWI ex-US ETF (CWI).

Itaú Unibanco (NYSE:ITUB) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 6.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITUB will have a dividend payout ratio of 5.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ITUB.

195 employees have rated Itaú Unibanco Chief Executive Officer Roberto Egydio Setubal on Glassdoor.com. Roberto Egydio Setubal has an approval rating of 98% among the company's employees. This puts Roberto Egydio Setubal in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Itaú Unibanco investors own include Bank of America (BAC), Coty (COTY), Petróleo Brasileiro S.A. - Petrobras (PBR), Exxon Mobil (XOM), Intel (INTC), Pfizer (PFE), AT&T (T), Bristol-Myers Squibb (BMY), Ford Motor (F) and Cisco Systems (CSCO).

Itaú Unibanco trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITUB."

Itaú Unibanco's stock is owned by many different institutional and retail investors. Top institutional investors include Perpetual Ltd (0.49%), Franklin Resources Inc. (0.34%), Robeco Institutional Asset Management B.V. (0.31%), Itau Unibanco Holding S.A. (0.24%), BlackRock Inc. (0.21%) and Dodge & Cox (0.19%).

Shares of ITUB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ITUB stock can currently be purchased for approximately $5.34.

Itaú Unibanco (NYSE:ITUB) has a market capitalization of $52.33 billion and generates $54.88 billion in revenue each year. The bank earns $5.75 billion in net income (profit) each year or $0.59 on an earnings per share basis.

The company employs 99,598 workers across the globe.

Itaú Unibanco's mailing address is Praca Alfredo Egydio de Souza Aranha 100, Sao Paulo D5, 04344-902. The official website for the company is www.itau.com.brsector. The bank can be reached via phone at 551127943547, via email at investor.relations@itau-unibanco.com, or via fax at 55-11-2794-3933.