News stories about Itau Unibanco Banco Holding SA (NYSE:ITUB) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Itau Unibanco Banco Holding SA earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.038634948938 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
ITUB has been the subject of several research analyst reports. Citigroup Inc. lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. J P Morgan Chase & Co lowered shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Itau Unibanco Banco Holding SA currently has a consensus rating of “Hold” and a consensus price target of $13.25.
Shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) traded down 0.64% during trading on Tuesday, hitting $13.89. 11,174,147 shares of the company traded hands. Itau Unibanco Banco Holding SA has a 52-week low of $9.10 and a 52-week high of $14.12. The company has a 50-day moving average of $12.95 and a 200-day moving average of $12.02. The stock has a market capitalization of $90.27 billion, a PE ratio of 12.08 and a beta of 1.60.
Itau Unibanco Banco Holding SA declared that its Board of Directors has initiated a share buyback plan on Thursday, August 31st that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a monthly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 3rd will be issued a $0.0048 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.42%. This is an increase from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. The ex-dividend date is Monday, October 2nd. Itau Unibanco Banco Holding SA’s dividend payout ratio is 5.36%.
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Itau Unibanco Banco Holding SA Company Profile
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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