Intesa Sanpaolo (OTCMKTS:ISNPY) Stock Price Up 3.5% - Should You Buy?

Key Points

• Intesa Sanpaolo's shares increased by 3.5%, reaching a trading high of $37.54, which reflects a significant rise from the previous closing price of $36.14.
• The company announced a dividend increase to $0.8413 per share, up from $0.41, yielding 4.81% for investors, with a payout ratio of 52.17%.
• Despite the positive stock movement, Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating on May 7th.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) shares shot up 3.5% on Wednesday . The stock traded as high as $37.54 and last traded at $37.40. 137,661 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 123,747 shares. The stock had previously closed at $36.14.

Wall Street Analyst Weigh In

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

Intesa Sanpaolo Trading Down 4.0%

The company's fifty day simple moving average is $34.27 and its two-hundred day simple moving average is $31.25. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $103.44 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07.

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

Intesa Sanpaolo Increases Dividend

The firm also recently announced 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 was Tuesday, May 20th. This is a positive change from Intesa Sanpaolo's previous dividend of $0.41. This represents a yield of 481.0%. Intesa Sanpaolo's dividend payout ratio is currently 52.17%.

About Intesa Sanpaolo

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.