Shares of Itau Unibanco Holding SA (NYSE:ITUB) have received an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.50.

ITUB has been the topic of a number of recent analyst reports. ValuEngine cut Itau Unibanco from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised Itau Unibanco from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Goldman Sachs Group initiated coverage on Itau Unibanco in a report on Monday, June 10th. They set a “sell” rating on the stock. Morgan Stanley raised Itau Unibanco from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $9.50 to $13.50 in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised Itau Unibanco from a “neutral” rating to an “overweight” rating in a report on Thursday, August 1st.

Shares of ITUB traded down $0.06 during mid-day trading on Monday, reaching $8.52. 230,453 shares of the company’s stock traded hands, compared to its average volume of 19,587,780. The business’s 50-day moving average price is $9.44 and its 200-day moving average price is $9.12. The stock has a market capitalization of $85.09 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.73 and a current ratio of 1.73. Itau Unibanco has a 12 month low of $6.57 and a 12 month high of $10.80.

The business also recently disclosed a None dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, August 16th. This is a positive change from Itau Unibanco’s previous None dividend of $0.00. Itau Unibanco’s dividend payout ratio (DPR) is currently 7.46%.

Several hedge funds and other institutional investors have recently bought and sold shares of ITUB. Parallel Advisors LLC acquired a new position in shares of Itau Unibanco during the first quarter valued at approximately $34,000. Quantamental Technologies LLC acquired a new position in Itau Unibanco in the second quarter worth approximately $42,000. Virtus ETF Advisers LLC acquired a new position in Itau Unibanco in the second quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its position in Itau Unibanco by 131.3% in the second quarter. Tower Research Capital LLC TRC now owns 7,170 shares of the bank’s stock worth $67,000 after buying an additional 4,070 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Itau Unibanco by 49.6% in the first quarter. Advisors Asset Management Inc. now owns 8,459 shares of the bank’s stock worth $75,000 after buying an additional 2,803 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

About Itau Unibanco

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

Read More: Should I follow buy, hold and sell recommendations?

Analyst Recommendations for Itau Unibanco (NYSE:ITUB)

Receive News & Ratings for Itau Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.