Itaú Unibanco (ITUB) Shares Decline Mid-Morning, Trading Off Session Highs
Itaú Unibanco Holding S.A. (NYSE: ITUB) saw its shares trading lower mid-morning on Tuesday. As of 11:56:42 AM EDT, the stock was priced at $5.17, reflecting a decrease of $0.07 or 1.34% for the session.
The Brazilian banking giant opened the trading day at $5.12, below its previous closing price of $5.24. During the morning session, ITUB shares fluctuated within a range of $5.14 to $5.26, indicating an initial attempt to rally towards the previous close level before pulling back. The intraday chart shows volatility after the market open, followed by a period of consolidation around the current price level.
Trading volume for ITUB reached 17,726,308 shares by late morning, which is tracking below its average daily volume of 26,910,899 shares. This suggests potentially lighter-than-usual investor participation during this period of price decline.
From a valuation standpoint, Itaú Unibanco carries an intraday market capitalization of approximately $53.292 billion. The stock trades with a Price-to-Earnings (PE) ratio (Trailing Twelve Months – TTM) of 7.94, based on an EPS (TTM) of $0.65. Its Beta (5Y Monthly) is measured at 0.30, suggesting the stock has historically exhibited lower volatility compared to the broader market.
For income-focused investors, ITUB offers a notable forward dividend yield of 7.09%, corresponding to an annual payout of $0.38 per share. The listed Ex-Dividend Date is May 5, 2025.
The current price of $5.17 sits within the stock’s 52-week range of $4.42 to $6.30. Analysts’ 1-year target estimate for Itaú Unibanco is currently pegged at $6.50. The next earnings date is listed as May 6, 2025.
