Itau Unibanco Holding SA (NYSE:ITUB) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.50.

Several research firms have recently commented on ITUB. Citigroup upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 27th. Morgan Stanley upgraded shares of Itau Unibanco from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $9.50 to $13.50 in a research note on Wednesday, August 7th. ValuEngine cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Goldman Sachs Group began coverage on shares of Itau Unibanco in a research note on Monday, June 10th. They issued a “sell” rating for the company. Finally, HSBC upgraded shares of Itau Unibanco from a “reduce” rating to a “hold” rating in a research note on Friday, May 17th.

Several hedge funds and other institutional investors have recently made changes to their positions in ITUB. Comerica Securities Inc. lifted its stake in shares of Itau Unibanco by 62.7% in the fourth quarter. Comerica Securities Inc. now owns 17,643 shares of the bank’s stock valued at $161,000 after purchasing an additional 6,798 shares during the period. Parallel Advisors LLC acquired a new stake in shares of Itau Unibanco in the first quarter valued at about $34,000. Stevens Capital Management LP purchased a new position in Itau Unibanco during the 1st quarter valued at about $654,000. Nissay Asset Management Corp Japan ADV increased its holdings in Itau Unibanco by 11.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,264 shares of the bank’s stock valued at $134,000 after acquiring an additional 1,548 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in Itau Unibanco by 21.2% during the 1st quarter. OLD National Bancorp IN now owns 23,051 shares of the bank’s stock valued at $203,000 after acquiring an additional 4,036 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Shares of ITUB stock traded up $0.18 during mid-day trading on Friday, hitting $8.82. The stock had a trading volume of 775,968 shares, compared to its average volume of 18,171,196. Itau Unibanco has a fifty-two week low of $6.57 and a fifty-two week high of $10.80. The firm has a market cap of $83.69 billion, a PE ratio of 13.16, a PEG ratio of 1.22 and a beta of 0.89. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.73 and a quick ratio of 1.73. The company’s 50-day simple moving average is $8.75 and its 200-day simple moving average is $8.90.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Monday, July 29th. The bank reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Itau Unibanco had a net margin of 15.57% and a return on equity of 18.40%. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.60 billion. On average, analysts expect that Itau Unibanco will post 0.74 EPS for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, November 12th. Investors of record on Wednesday, October 2nd will be paid a $0.0037 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Tuesday, October 1st. Itau Unibanco’s dividend payout ratio (DPR) is 7.46%.

About Itau Unibanco

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Analyst Recommendations for Itau Unibanco (NYSE:ITUB)

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