Itau Unibanco (NYSE:ITUB) Shares Set to Split on Monday, December 29th

Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) shares are scheduled to split on Monday, December 29th. The 103-100 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Sunday, December 28th.Get Itau Unibanco alerts:Itau Unibanco Stock Up 0.1%Why Wall Street Loves These 3 Penny StocksShares of ITUB stock opened at $7.28 on Thursday. The company's fifty day simple moving average is $7.41 and its two-hundred day simple moving average is $7.02. Itau Unibanco has a 52 week low of $4.42 and a 52 week high of $8.13. The stock has a market cap of $78.29 billion, a P/E ratio of 10.07, a PEG ratio of 1.07 and a beta of 0.67. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.33. Itau Unibanco Dividend AnnouncementThe company also recently announced a monthly dividend, which will be paid on Thursday, July 9th. Investors of record on Tuesday, June 2nd will be given a $0.0033 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 2nd. Itau Unibanco's payout ratio is currently 526.39%. Analysts Set New Price TargetsSeveral analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Itau Unibanco in a report on Monday. Zacks Research cut shares of Itau Unibanco from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Itau Unibanco from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Itau Unibanco currently has an average rating of "Moderate Buy" and a consensus price target of $7.09.Read Our Latest Stock Report on Itau UnibancoInstitutional Inflows and OutflowsA number of hedge funds have recently bought and sold shares of ITUB. Creative Planning increased its stake in shares of Itau Unibanco by 65.3% during the second quarter. Creative Planning now owns 161,847 shares of the bank's stock valued at $1,099,000 after buying an additional 63,920 shares during the period. Oaktree Capital Management LP lifted its stake in Itau Unibanco by 58.5% in the second quarter. Oaktree Capital Management LP now owns 11,004,494 shares of the bank's stock worth $74,721,000 after acquiring an additional 4,063,482 shares during the period. USS Investment Management Ltd grew its holdings in Itau Unibanco by 10.0% during the 1st quarter. USS Investment Management Ltd now owns 2,778,562 shares of the bank's stock worth $15,268,000 after acquiring an additional 252,596 shares in the last quarter. Farther Finance Advisors LLC increased its position in Itau Unibanco by 3,590.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank's stock valued at $29,000 after purchasing an additional 4,201 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Itau Unibanco by 241.2% during the 1st quarter. Ameriprise Financial Inc. now owns 8,221,235 shares of the bank's stock valued at $45,219,000 after purchasing an additional 5,811,939 shares during the period. About Itau Unibanco (Get Free Report)Itaú Unibanco SA NYSE: ITUB is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange. The bank offers a full range of financial products and services across retail, commercial and wholesale banking.Featured ArticlesFive stocks we like better than Itau UnibancoDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyForget AI, This Will Be the Next Big Tech BreakthroughThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Itau Unibanco Right Now?Before you consider Itau Unibanco, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Itau Unibanco wasn't on the list.While Itau Unibanco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here