Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 1-Year High – Here’s Why
by Sarita Garza · The Markets DailyShares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY – Get Free Report) reached a new 52-week high on Friday . The company traded as high as $42.16 and last traded at $41.78, with a volume of 23358 shares trading hands. The stock had previously closed at $41.61.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ISNPY shares. The Goldman Sachs Group cut Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Royal Bank Of Canada started coverage on shares of Intesa Sanpaolo in a research report on Wednesday, October 15th. They set a “moderate buy” rating on the stock. Zacks Research lowered shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Keefe, Bruyette & Woods lowered Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on Intesa Sanpaolo
Intesa Sanpaolo Stock Performance
The firm has a market cap of $121.86 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.75. The stock has a 50-day moving average of $40.01 and a 200-day moving average of $38.00.
Intesa Sanpaolo Dividend Announcement
The firm also recently announced a dividend, which was paid on Monday, December 8th. Investors of record on Tuesday, December 2nd were given a $0.9325 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 445.0%. Intesa Sanpaolo’s dividend payout ratio (DPR) is 55.65%.
About Intesa Sanpaolo
Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.
The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.