Vanguard Group Holds 13.0% Passive Stake in Cass Information Systems

TL;DR

**Vanguard still owns 13% of Cass Information Systems, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment management company, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of 1,739,784 shares of Cass Information Systems Inc. common stock as of December 29, 2023. This represents a 13.0% passive ownership stake in the company. This filing is an update to their previous disclosures, indicating a continued significant, but passive, investment in Cass Information Systems, which matters to investors as it shows a large institutional holder maintains confidence in the stock.

Why It Matters

This filing confirms that a major institutional investor, Vanguard, continues to hold a significant portion of Cass Information Systems, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and provides a baseline of investor confidence.

Analyst Insight

Investors should note the continued significant institutional ownership by Vanguard, which suggests stability and long-term confidence in Cass Information Systems Inc. This information can be factored into a broader analysis of the company's investment profile.

Key Numbers

• 1,739,784 — Shares Owned (The total number of common stock shares of Cass Information Systems Inc. beneficially owned by The Vanguard Group.)
• 13.0% — Ownership Percentage (The percentage of Cass Information Systems Inc.'s common stock owned by The Vanguard Group, indicating a significant stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Cass Information Systems Inc. (company) — the issuer of the securities
• 1,739,784 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 13.0% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Cass Information Systems Inc. (The Vanguard Group) — high confidence, target: Next 12-24 months
• Cass Information Systems Inc. will continue to be a part of Vanguard's passively managed funds. (Cass Information Systems Inc.) — high confidence, target: Next 12-24 months

FAQ

Filing Documents

• tv0548-cassinformationsystem.htm (SC 13G/A) — 11KB
• 0001104659-24-020545.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Cass Information Systems Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 12444 Powerscourt Drive, Suite 550 St. Louis, MO 63131

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 14808P109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR