Itau Unibanco Holding S.A. (ITUB) To Go Ex-Dividend on March 3rd

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Stockholders of record on Tuesday, March 3rd will be given a dividend of 0.0033 per share by the bank on Thursday, April 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, March 3rd.

Itau Unibanco has increased its dividend by an average of 0.2%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Itau Unibanco to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.4%.

Itau Unibanco Stock Performance

Shares of NYSE ITUB opened at $9.05 on Friday. The stock has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $7.44. The firm has a market cap of $100.19 billion, a P/E ratio of 12.85, a PEG ratio of 0.99 and a beta of 0.62. Itau Unibanco has a 1 year low of $4.73 and a 1 year high of $9.60. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.58 and a current ratio of 1.79.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.98 billion. Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. Research analysts forecast that Itau Unibanco will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Itau Unibanco

Institutional investors have recently modified their holdings of the business. Groupama Asset Managment boosted its holdings in shares of Itau Unibanco by 4.7% during the 4th quarter. Groupama Asset Managment now owns 138,201 shares of the bank’s stock worth $990,000 after buying an additional 6,245 shares in the last quarter. Invesco Ltd. raised its stake in shares of Itau Unibanco by 29.7% in the fourth quarter. Invesco Ltd. now owns 631,043 shares of the bank’s stock worth $4,518,000 after purchasing an additional 144,686 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Itau Unibanco by 35.0% during the 4th quarter. Corient Private Wealth LLC now owns 55,541 shares of the bank’s stock valued at $398,000 after acquiring an additional 14,410 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Itau Unibanco by 19.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 17,607 shares of the bank’s stock worth $126,000 after purchasing an additional 2,918 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Itau Unibanco by 12.6% in the fourth quarter. Vident Advisory LLC now owns 205,355 shares of the bank’s stock valued at $1,470,000 after acquiring an additional 22,930 shares in the last quarter.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.