Intesa Sanpaolo (OTCMKTS:ISNPY) Shares Gap Down – Here’s What Happened

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $40.33, but opened at $38.80. Intesa Sanpaolo shares last traded at $38.8380, with a volume of 4,890 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods downgraded Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a report on Friday, November 14th. Royal Bank Of Canada began coverage on Intesa Sanpaolo in a research report on Wednesday, October 15th. They set a “moderate buy” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a report on Monday, November 24th. The Goldman Sachs Group cut shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Zacks Research lowered shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Trading Up 0.6%

The company has a market capitalization of $113.27 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.13 and a beta of 0.75. The business’s fifty day moving average is $39.00 and its two-hundred day moving average is $36.90.

Intesa Sanpaolo Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, December 8th. Investors of record on Tuesday, December 2nd will be issued a $0.9325 dividend. This represents a yield of 445.0%. The ex-dividend date is Monday, December 1st. Intesa Sanpaolo’s dividend payout ratio (DPR) is presently 50.00%.

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.