Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 52-Week High – Time to Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) shares hit a new 52-week high during trading on Friday . The stock traded as high as $42.16 and last traded at $41.78, with a volume of 23358 shares. The stock had previously closed at $41.61.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ISNPY shares. The Goldman Sachs Group lowered shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Keefe, Bruyette & Woods lowered Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a report on Friday, November 14th. Zacks Research downgraded Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada initiated coverage on Intesa Sanpaolo in a research note on Wednesday, October 15th. They issued a “moderate buy” rating on the stock. Finally, Morgan Stanley restated 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, two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Up 1.2%

The company has a 50-day moving average price of $40.09 and a 200-day moving average price of $38.09. The company has a market capitalization of $122.15 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.04 and a beta of 0.75.

Intesa Sanpaolo Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 8th. Shareholders of record on Tuesday, December 2nd were given a $0.9325 dividend. This represents a yield of 445.0%. The ex-dividend date of this dividend was Monday, December 1st. Intesa Sanpaolo’s payout ratio is currently 55.65%.

Intesa Sanpaolo Company Profile

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.