Intesa Sanpaolo (OTCMKTS:ISNPY) Trading 0.7% Higher - Here's Why

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) was up 0.7% during trading on Wednesday . The stock traded as high as $33.53 and last traded at $33.29. Approximately 139,821 shares traded hands during trading, a decline of 17% from the average daily volume of 169,436 shares. The stock had previously closed at $33.06.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ISNPY shares. Kepler Capital Markets cut Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. BNP Paribas upgraded Intesa Sanpaolo from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 26th.

Intesa Sanpaolo Trading Down 0.3%

The firm has a fifty day simple moving average of $32.59 and a 200-day simple moving average of $29.13. The firm has a market cap of $98.34 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.07. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.17 and a quick ratio of 1.17.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.35). Intesa Sanpaolo had a return on equity of 13.15% and a net margin of 20.01%. The company had revenue of $7.23 billion for the quarter. On average, equities research analysts expect that Intesa Sanpaolo SpA will post 2.91 earnings per share for the current year.

Intesa Sanpaolo Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 21st were issued a dividend of $0.8413 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a yield of 4.81%. This is an increase from Intesa Sanpaolo's previous dividend of $0.41. Intesa Sanpaolo's dividend payout ratio is 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.