Itau Unibanco Holding S.A. (NYSE: ITUB) stock jumped 0.57% on Wednesday to $5.30 against a previous-day closing price of $5.27. With 20.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 28.87 million shares. The 52-week range on ITUB shows that it touched its highest point at $5.85 and its lowest point at $3.71 during that stretch. It currently has a 1-year price target of $6.39. With its current market cap of 49.05 billion, ITUB has annualized dividend of $0.20 while the current yield stands at 3.68%. Beta for the stock currently stands at 0.68.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ITUB was down-trending over the past week, with a drop of -3.46%, but this was up by 5.65% over a month. Three-month performance surged to 4.95% while six-month performance rose 10.08%. The stock gained 5.30% in the past year, while it has gained 14.16% so far this year. A look at the trailing 12-month EPS for ITUB yields 0.62 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.17. This implies an EPS growth rate of 10.70% for this year and 12.90% for next year. EPS is expected to grow by 13.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.00%.
Float and Shares Shorts:
At present, 9.79 billion ITUB shares are outstanding with a float of 5.25 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 29.73 million, which was 0.30% higher than short shares on Mar 30, 2023. In addition to Mr. Milton Maluhy Filho as the firm’s CEO & Member of Exec. Board, Mr. Alexsandro Broedel Lopes serves as its CFO & Member of Exec. Board.
Institutional Ownership:
Through their ownership of 17.91% of ITUB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.87% of ITUB, in contrast to 7.70% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ITUB with 1.84% of the stake, Goldman Sachs International holds 89,277,380 shares worth 89,277,380. A second-largest stockholder of ITUB, Westwood Global Investments LLC, holds 63,455,720 shares, controlling over 1.31% of the firm’s shares. Schroder Investment Management Lt is the third largest shareholder in ITUB, holding 52,886,481 shares or 1.09% stake. With a 0.49% stake in ITUB, the JOHCM International Select Fund is the largest stakeholder. A total of 23,875,638 shares are owned by the mutual fund manager. The Templeton Emerging Markets Invest, which owns about 0.43% of ITUB stock, is the second-largest Mutual Fund holder. It holds 20,705,572 shares valued at 106.63 million. Hartford Schroders Emerging Marke holds 0.29% of the stake in ITUB, owning 14,219,257 shares worth 73.23 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ITUB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ITUB analysts setting a high price target of $7.09 and a low target of $6.00, the average target price over the next 12 months is $6.72. Based on these targets, ITUB could surge 33.77% to reach the target high and rise by 13.21% to reach the target low. Reaching the average price target will result in a growth of 26.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
