Intesa Sanpaolo (OTCMKTS:ISNPY) Sets New 1-Year High – Here’s What Happened

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) hit a new 52-week high during trading on Tuesday . The company traded as high as $42.83 and last traded at $42.7450, with a volume of 55649 shares traded. The stock had previously closed at $41.90.

Analyst Upgrades and Downgrades

Several brokerages have commented on ISNPY. Citigroup reiterated a “buy” rating on shares of Intesa Sanpaolo in a research note on Monday, January 5th. Zacks Research cut Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada initiated coverage on Intesa Sanpaolo in a research report on Wednesday, October 15th. They issued a “moderate buy” rating for the company. Keefe, Bruyette & Woods lowered Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Stock Performance

The business has a 50 day simple moving average of $40.96 and a 200-day simple moving average of $39.05. The stock has a market capitalization of $122.65 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.06 and a beta of 0.75.

Intesa Sanpaolo Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 8th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.9325 per share. This represents a dividend yield of 445.0%. The ex-dividend date was Monday, December 1st. Intesa Sanpaolo’s dividend payout ratio 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.