Tuesday, January 26, 2021

Itau Unibanco Holding S.A. [ITUB] is -0.33% lower this YTD. Is it still time to buy?

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Itau Unibanco Holding S.A. [NYSE: ITUB] plunged by -$0.04 during the normal trading session on Friday and reaching a high of $6.18 during the day while it closed the day at $6.07. The company report on December 31, 2020 that Material Fact – Corporate restructuring related to Itaú’s equity interest in XP Inc.’s capital stock.

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Itaú Unibanco Holding S.A. (“Itaú Unibanco” or “Company”), in accordance with Article 157, paragraph 4, of Law No. 6,404/1976 (“Brazilian Corporate Law”), and CVM Instruction No. 358/2020, both as amended, and Article 3 combined with Attachment 3 to CVM Instruction No. 565/2015, announces to its stockholders and the market in general, in line with the Material Facts disclosed on November 3 and 26, 2020, that, as of this date, the Company’s Board of Directors called the Extraordinary General Stockholders’ Meeting (“ESM”) to be held on January 31, 2021, according to the Call Notice disclosed as of this date, to resolve on the proposal for a corporate restructuring aimed at segregating Itaú Unibanco conglomerate’s business line related to the equity interest in XP Inc.’s capital stock (“XP”), a company headquartered in the Cayman Islands and listed on Nasdaq, represented by two hundred twenty-six million, five hundred twenty-three thousand, three hundred four (226,523,304) shares issued by XP, equivalent, as of September 30, 2020, to 41.05% of the capital of the latter, to a new company (“Newco”) to be incorporated on the date the ESM is held through spin-offs involving the Company (“Transaction”), under the terms and conditions set forth in the protocol and justification for the Transaction, disclosed by the Company as of the same date (“Protocol and Justification”).The percentage of XP’s capital stock to be held by Newco after the Transactions represents, as of this date, 40.52%, taking into account XP’s recent capitalization.


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1. Identification of the companies involved in the Transaction and summarized description of their activities.

Itau Unibanco Holding S.A. stock has also loss -0.33% of its value over the past 7 days. However, ITUB stock has inclined by 42.43% in the 3 months of the year. Over the past six months meanwhile, it has gained 19.76% and lost -0.33% year-on date.

The market cap for ITUB stock reached $55.89 billion, with 9.76 billion shares outstanding and 5.30 billion shares in the current float. Compared to the average trading volume of 37.60M shares, ITUB reached a trading volume of 43647195 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Itau Unibanco Holding S.A. [ITUB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITUB shares is $5.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ITUB stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Itau Unibanco Holding S.A. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 15, 2020. The new note on the price target was released on April 06, 2020, representing the official price target for Itau Unibanco Holding S.A. stock.

The Average True Range (ATR) for Itau Unibanco Holding S.A. is set at 0.18, with the Price to Sales ratio for ITUB stock in the period of the last 12 months amounting to 2.33. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 20.61. Price to Free Cash Flow for ITUB in the course of the last twelve months was 3.62.

ITUB stock trade performance evaluation

Itau Unibanco Holding S.A. [ITUB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.33. With this latest performance, ITUB shares gained by 2.22% in over the last four-week period, additionally plugging by 19.76% over the last 6 months – not to mention a drop of -27.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ITUB stock in for the last two-week period is set at 55.90, with the RSI for the last a single of trading hit 52.69, and the three-weeks RSI is set at 57.97 for Itau Unibanco Holding S.A. [ITUB]. The present Moving Average for the last 50 days of trading for this stock 5.57, while it was recorded at 5.98 for the last single week of trading, and 4.79 for the last 200 days.

Itau Unibanco Holding S.A. [ITUB]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Itau Unibanco Holding S.A. [ITUB] shares currently have an operating margin of +16.48. Itau Unibanco Holding S.A.’s Net Margin is presently recorded at +13.29.

Return on Total Capital for ITUB is now 4.79, given the latest momentum, and Return on Invested Capital for the company is 8.08. Return on Equity for this stock inclined to 19.81, with Return on Assets sitting at 1.69. When it comes to the capital structure of this company, Itau Unibanco Holding S.A. [ITUB] has a Total Debt to Total Equity ratio set at 396.60. Additionally, ITUB Total Debt to Total Capital is recorded at 79.86, with Total Debt to Total Assets ending up at 33.03. Long-Term Debt to Equity for the company is recorded at 139.87, with the Long-Term Debt to Total Capital now at 28.17.

Reflecting on the efficiency of the workforce at the company, Itau Unibanco Holding S.A. [ITUB] managed to generate an average of $285,400 per employee.

Earnings per share (EPS) analysis for Itau Unibanco Holding S.A. [ITUB] stock

With the latest financial reports released by the company, Itau Unibanco Holding S.A. posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITUB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Itau Unibanco Holding S.A. go to 1.50%.

Itau Unibanco Holding S.A. [ITUB]: Insider Ownership positions

There are presently around $6,243 million, or 23.30% of ITUB stock, in the hands of institutional investors. The top three institutional holders of ITUB stocks are: HARDING LOEVNER LP with ownership of 201,441,692, which is approximately -0.265% of the company’s market cap and around 52.10% of the total institutional ownership; SCHRODER INVESTMENT MANAGEMENT GROUP, holding 119,108,054 shares of the stock with an approximate value of $722.99 million in ITUB stocks shares; and GOLDMAN SACHS GROUP INC, currently with $688.5 million in ITUB stock with ownership of nearly 739% of the company’s market capitalization.

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Positions in Itau Unibanco Holding S.A. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 119 institutional holders increased their position in Itau Unibanco Holding S.A. [NYSE:ITUB] by around 157,002,272 shares. Additionally, 151 investors decreased positions by around 165,397,784 shares, while 47 investors held positions by with 706,018,689 shares. The mentioned changes placed institutional holdings at 1,028,418,745 shares, according to the latest SEC report filing. ITUB stock had 38 new institutional investments in for a total of 12,456,892 shares, while 45 institutional investors sold positions of 18,188,731 shares during the same period.

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