Somewhat Favorable News Coverage Somewhat Unlikely to Impact Itau Unibanco Banco Holding SA (ITUB) Share Price
Press coverage about Itau Unibanco Banco Holding SA (NYSE:ITUB) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Itau Unibanco Banco Holding SA earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 47.1468902233607 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
ITUB has been the topic of a number of recent research reports. ValuEngine raised Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Citigroup Inc. downgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co downgraded Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research report on Wednesday, July 12th.
Itau Unibanco Banco Holding SA (NYSE:ITUB) traded up 2.10% during midday trading on Tuesday, reaching $14.13. The stock has a market cap of $91.83 billion, a price-to-earnings ratio of 12.34 and a beta of 1.63. Itau Unibanco Banco Holding SA has a 52-week low of $9.10 and a 52-week high of $14.59. The firm has a 50-day moving average of $13.56 and a 200-day moving average of $12.18.
Itau Unibanco Banco Holding SA declared that its Board of Directors has approved a stock buyback program on Thursday, August 31st that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a monthly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.0048 per share. The ex-dividend date is Monday, October 2nd. This is a boost from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. This represents a $0.06 annualized dividend and a dividend yield of 0.41%. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is currently 5.36%.
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About Itau Unibanco Banco Holding SA
Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.
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