Intesa Sanpaolo (OTCMKTS:ISNPY) Sets New 52-Week High – Still a Buy?

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.83 and last traded at $42.7450, with a volume of 55649 shares trading hands. The stock had previously closed at $41.90.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ISNPY. Royal Bank Of Canada started coverage on Intesa Sanpaolo in a research report on Wednesday, October 15th. They set a “moderate buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Intesa Sanpaolo in a research report on Monday, January 5th. Keefe, Bruyette & Woods downgraded shares of Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 14th. Zacks Research lowered shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Performance

The company has a market cap of $124.43 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.04 and a beta of 0.75. The business’s fifty day moving average is $40.73 and its two-hundred day moving average is $38.94.

Intesa Sanpaolo Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 8th. Investors of record on Tuesday, December 2nd were issued a $0.9325 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 445.0%. Intesa Sanpaolo’s payout ratio is presently 55.36%.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.