5 Stocks to Buy Under $20 According to Ken Fisher

2. Intesa Sanpaolo S.p.A. (OTC:ISNPY)

Fisher Asset Management’s Stake Value: $476,500,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.26%

Number of Hedge Fund Holders: 1

Intesa Sanpaolo S.p.A. (OTC:ISNPY) is one of the largest banks in Europe, providing a range of financial services including consumer credit, e-money, leasing services, wealth management and private banking services. The Italian firm trades with a market cap of $40.14 billion.

As of the end of December, Fisher Asset Management held a stake worth $476.5 million in Intesa Sanpaolo S.p.A. (OTC:ISNPY), consisting of 30.7 million shares and amounting to a 0.26% slice of the fund’s total holdings. This signaled an increase of 4% in holding from Q3, where the fund held 29.64 million shares in the firm.

In February, Morgan Stanley analyst Antonio Reale gave Intesa Sanpaolo S.p.A. (OTC:ISNPY) an ‘Overweight’ rating and a price target of €3.70, up from €3.30. Deutsche Bank analyst Giovanni Razzoli gave the Italian firm a ‘Buy’ rating and a revised price target of €3.30.