Intesa Sanpaolo (OTCMKTS:ISNPY) Sees Unusually-High Trading Volume – Time to Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) shares saw an uptick in trading volume on Thursday . 2,411,315 shares traded hands during trading, an increase of 354% from the previous session’s volume of 530,702 shares.The stock last traded at $40.94 and had previously closed at $40.79.

Wall Street Analysts Forecast Growth

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

Intesa Sanpaolo Stock Performance

The stock’s fifty day simple moving average is $40.68 and its 200-day simple moving average is $38.78. The company has a market capitalization of $119.52 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.02 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 paid a dividend of $0.9325 per share. This represents a dividend yield of 445.0%. The ex-dividend date of this dividend was Monday, December 1st. Intesa Sanpaolo’s dividend 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.