Itau Unibanco Holding SA (NYSE:ITUB) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 23,540,430 shares, a growth of 10.5% from the March 29th total of 21,299,538 shares. Based on an average daily volume of 17,872,139 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the company’s stock are short sold.
NYSE:ITUB traded down $0.12 during mid-day trading on Friday, hitting $7.67. 32,596,065 shares of the company traded hands, compared to its average volume of 19,263,250. Itau Unibanco has a one year low of $6.57 and a one year high of $10.80. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $77.03 billion, a PE ratio of 11.62, a P/E/G ratio of 1.09 and a beta of 1.00.
The business also recently declared a monthly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.0038 per share. This represents a $0.05 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Monday, June 3rd. Itau Unibanco’s dividend payout ratio is presently 7.58%.
Several research firms have recently weighed in on ITUB. HSBC upgraded Itau Unibanco from a “reduce” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Scotiabank upgraded Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 26th. Finally, Bank of America cut Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 5th. Seven equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $12.00.
Itau Unibanco Company Profile
Itaú 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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