Vanguard Discloses 7.02% Stake in Horizon Bancorp

TL;DR

**Vanguard still owns a big chunk of Horizon Bancorp, holding 7.02% as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G, indicating its ownership of 3,138,429 shares of Horizon Bancorp Inc/IN common stock as of December 29, 2023. This represents 7.02% of the company's outstanding shares. This filing is important for investors because it shows that a large institutional investor like Vanguard maintains a significant, though slightly reduced, stake in Horizon Bancorp, which can influence market perception and liquidity.

Why It Matters

This filing reveals Vanguard's current significant ownership in Horizon Bancorp, signaling their continued confidence (or at least holding) in the company, which can be a positive indicator for other investors.

Risk Assessment

Risk Level: low — This filing is routine disclosure of institutional ownership and does not indicate any immediate financial risk or significant change in company operations.

Analyst Insight

Investors should note Vanguard's continued significant stake as a potential sign of long-term institutional interest, but also recognize that SC 13G/A filings are passive disclosures and don't necessarily signal immediate buying or selling intentions.

Key Numbers

• 3,138,429 — Shares Owned (The total number of Horizon Bancorp common shares beneficially owned by The Vanguard Group.)
• 7.02% — Ownership Percentage (The percentage of Horizon Bancorp's common stock owned by The Vanguard Group, indicating a significant institutional stake.)
• December 29, 2023 — Reporting Date (The specific date as of which Vanguard's ownership stake is being reported.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Horizon Bancorp Inc/IN (company) — the subject company whose shares are being reported
• 3,138,429 (dollar_amount) — number of shares of common stock beneficially owned by Vanguard
• 7.02% (dollar_amount) — percentage of Horizon Bancorp's common stock owned by Vanguard
• December 29, 2023 (date) — the date of the event which required the filing of this statement

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially fluctuating, stake in Horizon Bancorp throughout 2024. (The Vanguard Group) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• tv01134-horizonbancorpincin.htm (SC 13G/A) — 11KB
• 0001104659-24-021136.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Horizon Bancorp Inc/IN

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

Item 1(b) - Address of Issuer's Principal Executive Offices: 515 Franklin Street Michigan City, IN 46360

(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 440407104

- 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