Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 1-Year High - What's Next?

Key Points

• Intesa Sanpaolo shares reached a new 52-week high of $37.54, with a trading volume of 78,870 shares, marking a significant increase from the previous close of $36.85.
• Analysts from Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating, indicating a shift in market sentiment.
• The company recently announced a dividend increase, offering $0.8413 per share, which reflects a dividend yield of 481.0%, up from the previous dividend of $0.41.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $37.54 and last traded at $37.54, with a volume of 78870 shares traded. The stock had previously closed at $36.85.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Intesa Sanpaolo Stock Performance

The stock has a market capitalization of $111.21 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day simple moving average of $34.59 and a two-hundred day simple moving average of $31.61.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last posted its quarterly earnings results on Monday, May 26th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $6.87 billion. Intesa Sanpaolo had a net margin of 20.01% and a return on equity of 13.15%. Analysts forecast that Intesa Sanpaolo SpA will post 2.91 earnings per share for the current fiscal year.

Intesa Sanpaolo Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 21st were given a dividend of $0.8413 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a dividend yield of 481.0%. This is an increase from Intesa Sanpaolo's previous dividend of $0.41. Intesa Sanpaolo's payout ratio is currently 52.17%.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.

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