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Itau Unibanco (NYSE:ITUB – Get Free Report)‘s stock had its “neutral” rating restated by analysts at UBS Group in a report released on Thursday, Marketbeat reports.
Itau Unibanco Stock Performance
NYSE:ITUB opened at $6.30 on Thursday. The firm’s 50-day moving average is $6.61 and its 200-day moving average is $5.74. Itau Unibanco has a 52-week low of $4.42 and a 52-week high of $6.95. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $67.92 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.99 and a beta of 0.76.
Itau Unibanco (NYSE:ITUB – Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. Equities research analysts anticipate that Itau Unibanco will post 0.8 earnings per share for the current year.
Institutional Trading of Itau Unibanco
A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in Itau Unibanco by 3,590.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after buying an additional 4,201 shares during the period. Bessemer Group Inc. acquired a new position in shares of Itau Unibanco in the 4th quarter worth approximately $35,000. Parallel Advisors LLC lifted its position in shares of Itau Unibanco by 707.1% in the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock worth $43,000 after purchasing an additional 6,781 shares during the period. Signaturefd LLC lifted its position in shares of Itau Unibanco by 4,000.3% in the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after purchasing an additional 11,961 shares during the period. Finally, Alta Capital Management LLC acquired a new position in shares of Itau Unibanco in the 1st quarter worth approximately $62,000.
About Itau Unibanco
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.
Further Reading
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