Itau Unibanco Holding S.A. (NYSE:ITUB) Stock Has Consensus Target Price of $9.87

Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.87.

Several brokerages recently commented on ITUB. The Goldman Sachs Group reaffirmed a “buy” rating and set a $10.50 price target (up from $9.30) on shares of Itau Unibanco in a research report on Friday, October 9th. Wall Street Zen raised shares of Itau Unibanco to a “hold” rating in a research note on Saturday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. HSBC downgraded Itau Unibanco from a “buy” rating to a “hold” rating and set a $9.10 price objective for the company. in a report on Thursday, October 8th. Finally, Weiss Ratings raised Itau Unibanco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th.

Itau Unibanco Trading Up 1.9%

ITUB traded up $0.18 during midday trading on Friday, hitting $9.68. The company’s stock had a trading volume of 31,528,453 shares, compared to its average volume of 40,671,196. Itau Unibanco has a 52-week low of $6.82 and a 52-week high of $10.20. The firm has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $8.33. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. The firm has a market cap of $107.16 billion, a P/E ratio of 12.66, a PEG ratio of 1.18 and a beta of 0.50.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Itau Unibanco had a return on equity of 21.40% and a net margin of 26.41%. The company had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.29 billion. On average, research analysts anticipate that Itau Unibanco will post 0.88 earnings per share for the current year.

Insider Transactions at Itau Unibanco

In other Itau Unibanco news, insider Vanzo Orestes sold 74,643 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.38, for a total transaction of $625,508.34. Following the completion of the sale, the insider directly owned 933,371 shares in the company, valued at $7,821,648.98. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Itau Unibanco by 8.6% in the third quarter. GAMMA Investing LLC now owns 13,069 shares of the bank’s stock worth $111,000 after buying an additional 1,031 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Itau Unibanco by 1.2% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 101,400 shares of the bank’s stock valued at $865,000 after acquiring an additional 1,227 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Itau Unibanco by 16.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank’s stock valued at $79,000 after acquiring an additional 1,306 shares during the last quarter. Stephens Inc. AR grew its holdings in Itau Unibanco by 3.7% during the 1st quarter. Stephens Inc. AR now owns 40,445 shares of the bank’s stock worth $339,000 after acquiring an additional 1,433 shares in the last quarter. Finally, Candriam S.C.A. grew its holdings in Itau Unibanco by 3.0% during the 1st quarter. Candriam S.C.A. now owns 49,263 shares of the bank’s stock worth $413,000 after acquiring an additional 1,434 shares in the last quarter.

About Itau Unibanco

Itaú Unibanco Holding SA is a financial services company headquartered in São Paulo, Brazil, and one of the largest banking groups in Latin America. The company provides banking and financial products to individuals, small and midsize businesses, large corporations and institutional clients through digital channels and a network of branches and service locations.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit cards, insurance, investment products, asset management, foreign exchange and payment services.