Itaú Unibanco (NYSE:ITUB) Sees Large Volume Increase – Here’s What Happened

Itaú Unibanco Holding S.A. (NYSE:ITUB) saw an uptick in trading volume on Tuesday . 43,990,965 shares were traded during trading, an increase of 144% from the previous session’s volume of 18,031,488 shares.The stock last traded at $6.37 and had previously closed at $6.08.

Analyst Ratings Changes

Separately, UBS Group cut shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd.

Itaú Unibanco Stock Up 3.5 %

The business has a 50-day moving average of $6.45 and a 200-day moving average of $6.27. The stock has a market capitalization of $61.65 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 0.77 and a beta of 0.98. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.07 and a current ratio of 1.07.

Itaú Unibanco (NYSE:ITUB) last released its earnings results on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. The firm had revenue of $16.54 billion during the quarter, compared to analysts’ expectations of $7.72 billion. During the same period in the previous year, the firm posted $0.18 EPS. On average, sell-side analysts expect that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current year.

Itaú Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is currently 3.95%.

Institutional Trading of Itaú Unibanco

Institutional investors have recently modified their holdings of the business. William Blair Investment Management LLC lifted its position in shares of Itaú Unibanco by 191.9% during the 1st quarter. William Blair Investment Management LLC now owns 33,040,433 shares of the bank’s stock valued at $228,968,000 after acquiring an additional 21,720,091 shares during the period. Capital Research Global Investors boosted its position in Itaú Unibanco by 460.6% during the 1st quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank’s stock worth $105,766,000 after purchasing an additional 12,539,737 shares during the period. Marshall Wace LLP raised its position in Itaú Unibanco by 200.4% in the second quarter. Marshall Wace LLP now owns 7,679,311 shares of the bank’s stock valued at $44,847,000 after purchasing an additional 5,122,752 shares during the period. Capital World Investors grew its stake in shares of Itaú Unibanco by 64.4% in the first quarter. Capital World Investors now owns 8,654,237 shares of the bank’s stock valued at $59,974,000 after buying an additional 3,390,463 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in Itaú Unibanco by 77.5% in the second quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank’s stock valued at $41,549,000 after acquiring an additional 3,106,130 shares in the last quarter.

Itaú 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.