Intesa Sanpaolo (OTCMKTS:ISNPY) Sees Strong Trading Volume – What’s Next?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) shares saw unusually-high trading volume on Wednesday . Approximately 617,678 shares traded hands during mid-day trading, an increase of 234% from the previous session’s volume of 184,926 shares.The stock last traded at $41.77 and had previously closed at $41.99.

Analysts Set New Price Targets

Several research analysts recently weighed in on ISNPY shares. Royal Bank Of Canada began coverage on shares of Intesa Sanpaolo in a research report on Wednesday, October 15th. They set a “moderate buy” rating for the company. Citigroup reissued a “buy” rating on shares of Intesa Sanpaolo in a report on Monday, January 5th. The Goldman Sachs Group downgraded Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Zacks Research cut Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods downgraded Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Down 0.1%

The firm has a market capitalization of $120.41 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 0.75. The business has a 50-day moving average price of $40.67 and a 200-day moving average price of $38.62.

Intesa Sanpaolo Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 8th. Shareholders of record on Tuesday, December 2nd were paid a $0.9325 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend 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.