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Itau Unibanco Holding S.A. ADR (ITUB) Looks Ready for Growth Despite -3.77% Change This Year

Itau Unibanco Holding S.A. ADR (NYSE: ITUB) is -3.77% lower on its value in year-to-date trading and has touched a low of $4.35 and a high of $7.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ITUB stock was last observed hovering at around $6.93 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $6.63, the stock is -3.12% and -2.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.81 million and changing -4.33% at the moment leaves the stock 9.97% off its SMA200. ITUB registered 48.97% gain for a year compared to 6-month gain of 26.28%.

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The stock witnessed a -1.99% loss in the last 1 month and extending the period to 3 months gives it a -4.27%, and is -1.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.00% over the week and 1.68% over the month.

Current P/E ratio is 9.85 and Fwd P/E is 7.47. Profit margin for the company is 9.78%. Distance from 52-week low is 52.26% and -8.06% from its 52-week high. The company has generated returns on investments over the last 12 months (6.63%).

Itau Unibanco Holding S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $8.33B over the same period.The EPS is expected to grow by 21.27% this year, but quarterly earnings will post 8.20% year-over-year. Quarterly sales are estimated to grow 12.50% in year-over-year returns.

Itau Unibanco Holding S.A. ADR (ITUB) Top Institutional Holders

461 institutions hold shares in Itau Unibanco Holding S.A. ADR (ITUB), with institutional investors hold 19.28% of the company’s shares. The shares outstanding are 4.85B, and float is at 4.82B with Short Float at 0.60%. Institutions hold 19.28% of the Float.

The top institutional shareholder in the company is Schroder Investment Management Group with over 94.38 million shares valued at $556.84 million. The investor’s holdings represent 1.95% of the ITUB Shares outstanding. As of Jun 29, 2023, the second largest holder is Westwood Global Investments, LLC with 61.73 million shares valued at $364.19 million to account for 1.27% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 54.02 million shares representing 1.11% and valued at over $318.74 million, while JP Morgan Chase & Company holds 0.99% of the shares totaling 47.87 million with a market value of $282.43 million.

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