TIM Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TIMB?
Owner Type	Number of Shares	Ownership Percentage
General Public	359,232,995	14.8%
Institutions	449,098,023	18.6%
Private Companies	1,612,027,075	66.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 79.3% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
66.6%	TIM Brasil Serviços e Participações S.A.	1,612,013,649	AR$4.0t	0%	no data
2.09%	BlackRock, Inc.	50,584,774	AR$124.0b	0.73%	no data
1.63%	Boston Partners Global Investors, Inc.	39,480,570	AR$96.8b	-0.08%	0.06%
1.37%	The Vanguard Group, Inc.	33,213,422	AR$81.4b	1.15%	no data
1.17%	JP Morgan Asset Management	28,232,228	AR$69.2b	-0.11%	0.01%
0.93%	Capital Research and Management Company	22,409,276	AR$54.9b	-0.14%	no data
0.46%	Dimensional Fund Advisors LP	11,238,673	AR$27.5b	-0.88%	no data
0.45%	Itau Unibanco S.A., Asset Management Arm	10,941,357	AR$26.8b	-3.16%	0.42%
0.39%	Norges Bank Investment Management	9,318,528	AR$22.8b	0%	no data
0.38%	Arrowstreet Capital, Limited Partnership	9,182,039	AR$22.5b	66.7%	0.02%
0.36%	Macquarie Investment Management Business Trust	8,605,030	AR$21.1b	-6.15%	0.02%
0.34%	Goldman Sachs Asset Management, L.P.	8,310,996	AR$20.4b	-0.1%	0.01%
0.34%	Hartford Funds Management Company, LLC	8,310,500	AR$20.4b	31.7%	0.07%
0.32%	BB Gestão de Recursos - Distribuidora de Títulos e Valores Mobiliários S.A.	7,654,113	AR$18.8b	1.92%	0.52%
0.3%	Renaissance Technologies LLC	7,177,930	AR$17.6b	5.24%	0.03%
0.28%	UBS Asset Management AG	6,893,989	AR$16.9b	13.8%	no data
0.27%	Andra AP-fonden	6,570,100	AR$16.1b	0%	0.09%
0.27%	Wellington Management Group LLP	6,515,824	AR$16.0b	21.8%	no data
0.24%	SEI Investments Management Corporation	5,742,529	AR$14.1b	4.88%	0.03%
0.21%	AXA Investment Managers S.A.	5,156,300	AR$12.6b	0%	0.02%
0.19%	State Street Global Advisors, Inc.	4,682,039	AR$11.5b	0.97%	no data
0.18%	Fidelity International Ltd	4,456,221	AR$10.9b	2.3%	no data
0.18%	Pictet Asset Management Limited	4,272,051	AR$10.5b	0%	0.01%
0.18%	CIBC Asset Management Inc.	4,261,182	AR$10.4b	2.76%	0.02%
0.17%	Brandes Investment Partners, LP	4,147,890	AR$10.2b	-7.51%	0.07%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 12:16
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TIM S.A. is covered by 47 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Beatriz Battelli	Banco Brascan S.A.
Michel Morin	Barclays
Mathieu Robilliard	Barclays