Shares of Itau Unibanco Holding SA (NYSE:ITUB) gapped down before the market opened on Tuesday . The stock had previously closed at $10.90, but opened at $10.49. Itau Unibanco shares last traded at $10.00, with a volume of 18958656 shares.

ITUB has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 19th. ValuEngine raised shares of Itau Unibanco from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Citigroup raised shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Tuesday, June 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.

The firm has a market cap of $65.13 billion, a PE ratio of 8.79, a PEG ratio of 0.93 and a beta of 1.72. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.35 and a current ratio of 1.35.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Tuesday, July 31st. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Itau Unibanco had a net margin of 17.21% and a return on equity of 16.67%. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $8.05 billion. analysts predict that Itau Unibanco Holding SA will post 1.07 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Thursday, October 11th. Shareholders of record on Wednesday, September 5th will be issued a $0.0039 dividend. This represents a dividend yield of 0.42%. The ex-dividend date is Tuesday, September 4th. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.39%.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in shares of Itau Unibanco by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 110,567 shares of the bank’s stock valued at $1,147,000 after buying an additional 5,358 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Itau Unibanco by 49.2% in the second quarter. Schroder Investment Management Group now owns 26,951,080 shares of the bank’s stock valued at $277,596,000 after buying an additional 8,892,966 shares during the last quarter. HPM Partners LLC raised its position in shares of Itau Unibanco by 30.0% in the second quarter. HPM Partners LLC now owns 30,028 shares of the bank’s stock valued at $312,000 after buying an additional 6,938 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Itau Unibanco by 4.7% in the second quarter. Macquarie Group Ltd. now owns 9,164,905 shares of the bank’s stock valued at $95,132,000 after buying an additional 407,872 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Itau Unibanco in the second quarter valued at approximately $290,000. 5.44% of the stock is currently owned by institutional investors.

About Itau Unibanco (NYSE:ITUB)

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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