Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 1-Year High - Time to Buy?

Key Points

• Intesa Sanpaolo's stock reached a new 52-week high of $38.32, reflecting strong trading activity with a volume of 127,052 shares.
• Despite the stock peak, Kepler Capital Markets has downgraded the company's rating from "strong-buy" to "hold."
• The company recently declared an increased dividend of $0.8413, significantly up from the previous $0.41, marking a yield of 481.0% and a payout ratio of 52.17%.

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $38.32 and last traded at $38.30, with a volume of 127052 shares changing hands. The stock had previously closed at $37.70.

Analyst Ratings Changes

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

Intesa Sanpaolo Price Performance

The stock has a market cap of $114.40 billion, a PE ratio of 11.97, a P/E/G ratio of 1.36 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 business has a 50 day moving average price of $35.10 and a two-hundred day moving average price of $32.18.

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

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.