Intesa Sanpaolo (OTCMKTS:ISNPY) Sets New 12-Month High – Here’s What Happened

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.83 and last traded at $42.7450, with a volume of 55649 shares. The stock had previously closed at $41.90.

Analyst Upgrades and Downgrades

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

Intesa Sanpaolo Stock Up 2.3%

The business’s fifty day moving average is $40.73 and its two-hundred day moving average is $38.94. The stock has a market capitalization of $124.43 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.04 and a beta of 0.75.

Intesa Sanpaolo Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, December 8th. Stockholders of record on Tuesday, December 2nd were issued a $0.9325 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 445.0%. Intesa Sanpaolo’s payout ratio is 55.36%.

Intesa Sanpaolo Company Profile

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.