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 Video: What is a Stock Split?
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| Itau Unibanco Holding is a financial holding company. Through its subsidiaries, Co.'s segments are: Retail Banking, which includes personal loans, credit cards, payroll loans, vehicle financing, mortgage loans, pension plan and premium bond products, and acquiring services, among others; Wholesale Banking, which includes providing banking services to corporations and investment banking activities include providing funding resources to the corporate sector, including fixed and variable income instruments; and Activities with the Market and Corporation, which manages interest income associated with its capital surplus, subordinated debt surplus and the net balance of tax credits and debits. According to our Itau Unibanco Holding S.A. stock split history records, Itau Unibanco Holding S.A. has had 5 splits. | |
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Itau Unibanco Holding S.A. (ITUB) has 5 splits in our Itau Unibanco Holding S.A. stock split history database. The first split for ITUB took place on May 21, 2013. This was a 11 for 10 split, meaning for each 10 shares of ITUB owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. ITUB's second split took place on June 06, 2014. This was a 11 for 10 split, meaning for each 10 shares of ITUB owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. ITUB's third split took place on October 18, 2016. This was a 110 for 100 split, meaning for each 100 shares of ITUB owned pre-split, the shareholder now owned 110 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. ITUB's 4th split took place on November 28, 2018. This was a 3 for 2 split, meaning for each 2 shares of ITUB owned pre-split, the shareholder now owned 3 shares. For example, a 1331 share position pre-split, became a 1996.5 share position following the split. ITUB's 5th split took place on October 04, 2021. This was a 1213 for 1000 split, meaning for each 1000 shares of ITUB owned pre-split, the shareholder now owned 1213 shares. For example, a 1996.5 share position pre-split, became a 2421.7545 share position following the split.
When a company such as Itau Unibanco Holding S.A. splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Itau Unibanco Holding S.A. stock split history from start to finish, an original position size of 1000 shares would have turned into 2421.7545 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Itau Unibanco Holding S.A. shares, starting with a $10,000 purchase of ITUB, presented on a split-history-adjusted basis factoring in the complete Itau Unibanco Holding S.A. stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$7.23 |
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| End price/share: |
$6.05 |
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| Starting shares: |
1,383.13 |
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| Ending shares: |
2,300.20 |
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| Dividends reinvested/share: |
$3.11 |
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| Total return: |
39.16% |
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| Average Annual Total Return: |
3.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,913.82 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$7.23 |
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| End price/share: |
$6.05 |
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| Dividends collected/share: |
$3.11 |
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| Total return: |
26.66% |
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| Average Annual Total Return: |
2.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,662.49 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 05/21/2013 | 11 for 10 | | 06/06/2014 | 11 for 10 | | 10/18/2016 | 110 for 100 | | 11/28/2018 | 3 for 2 | | 10/04/2021 | 1213 for 1000 |
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