Itaú Unibanco (NYSE:ITUB) Sets New 12-Month Low – Should You Sell?

Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.34 and last traded at $5.34, with a volume of 222797 shares trading hands. The stock had previously closed at $5.74.

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of analyst reports. UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. lowered their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Itaú Unibanco Trading Down 6.6 %

The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $52.53 billion, a PE ratio of 6.87, a P/E/G ratio of 0.75 and a beta of 0.98. The stock’s 50-day simple moving average is $6.19 and its 200-day simple moving average is $6.23.

Itaú Unibanco Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be given a dividend of $0.0031 per share. The ex-dividend date is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio is currently 3.85%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Itaú Unibanco in the second quarter worth $165,000. Dynamic Advisor Solutions LLC bought a new position in shares of Itaú Unibanco in the 2nd quarter worth about $65,000. Wealth Enhancement Advisory Services LLC lifted its position in Itaú Unibanco by 19.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,668 shares of the bank’s stock valued at $232,000 after acquiring an additional 6,412 shares during the period. Northcape Capital Pty Ltd boosted its stake in Itaú Unibanco by 5.7% during the second quarter. Northcape Capital Pty Ltd now owns 9,564,344 shares of the bank’s stock worth $55,856,000 after acquiring an additional 519,529 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Itaú Unibanco by 48.4% in the second quarter. Blue Trust Inc. now owns 35,343 shares of the bank’s stock worth $206,000 after purchasing an additional 11,519 shares during the period.

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.