Intesa Sanpaolo (OTCMKTS:ISNPY) Shares Up 3.5% - Here's Why

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) was up 3.5% during mid-day trading on Wednesday . The stock traded as high as $37.54 and last traded at $37.40. Approximately 137,661 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 123,747 shares. The stock had previously closed at $36.14.

Analyst Ratings Changes

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

Intesa Sanpaolo Price Performance

The stock has a market capitalization of $103.44 billion, a P/E ratio of 10.83, a PEG ratio of 1.19 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. The stock's fifty day moving average is $34.32 and its 200-day moving average is $31.36.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last announced its quarterly earnings data on Monday, May 26th. The financial services provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Intesa Sanpaolo had a net margin of 20.01% and a return on equity of 13.15%. The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $6.87 billion. On average, equities analysts anticipate that Intesa Sanpaolo SpA will post 2.91 earnings per share for the current year.

Intesa Sanpaolo Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 21st were issued a $0.8413 dividend. This is an increase from Intesa Sanpaolo's previous dividend of $0.41. This represents a yield of 481.0%. The ex-dividend date was Tuesday, May 20th. Intesa Sanpaolo's dividend payout ratio (DPR) is currently 51.86%.

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.