Itau Unibanco (NYSE:ITUB) Hits New 12-Month High After Dividend Announcement

Itau Unibanco Holding S.A. (NYSE:ITUB)’s stock price hit a new 52-week high on Tuesday following a dividend announcement from the company. The company traded as high as $6.91 and last traded at $6.84, with a volume of 907 shares. The stock had previously closed at $6.79.

The newly announced dividend which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a dividend of $0.0024 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a yield of 0.43%. Itau Unibanco’s dividend payout ratio (DPR) is 26.76%.

Itau Unibanco Stock Up 0.1%

The company has a fifty day simple moving average of $6.53 and a 200-day simple moving average of $5.63. The firm has a market cap of $73.31 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. The business had revenue of $7.93 billion during the quarter, compared to analyst estimates of $43.07 billion. On average, equities analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Itau Unibanco

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new stake in shares of Itau Unibanco during the fourth quarter valued at approximately $35,000. Parallel Advisors LLC increased its position in Itau Unibanco by 707.1% during the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock valued at $43,000 after buying an additional 6,781 shares in the last quarter. Signaturefd LLC increased its stake in Itau Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock valued at $61,000 after purchasing an additional 11,961 shares in the last quarter. Alta Capital Management LLC acquired a new position in shares of Itau Unibanco in the 1st quarter valued at $62,000. Finally, Ieq Capital LLC acquired a new position in shares of Itau Unibanco in the first quarter valued at about $64,000.

Itau Unibanco Company Profile

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.