State Street Corp Amends Target (TGT) Stake Filing
Ticker: TGT · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 27419
| Field | Detail |
|---|---|
| Company | Target Corp (TGT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: TGT
TL;DR
**State Street just updated its Target (TGT) ownership filing, confirming its institutional stake.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of Target Corp (TGT) common stock as of December 31, 2023. This filing indicates State Street's passive investment in Target, holding a significant, but not controlling, stake. This matters to investors because it shows a large institutional investor maintains a position in Target, potentially signaling confidence in the company's long-term prospects, though the exact percentage of ownership is not provided in this excerpt.
Why It Matters
This filing confirms State Street Corporation's continued institutional ownership in Target, which can influence market perception and investor confidence in the retail giant.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that State Street Corporation, a major institutional investor, continues to hold a position in Target Corp. While this filing doesn't reveal the exact percentage of ownership, it confirms ongoing institutional interest. Smart investors might use this as a data point to confirm broad institutional confidence, but should conduct further due diligence on Target's fundamentals and State Street's specific holding size and changes over time.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Target Corp (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 87612E106 (other) — the CUSIP number for Target Corp common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is State Street Corporation, identified by its I.R.S. Identification No. and its business address at 1 Congress Street, Boston, MA.
What company's securities are being reported on?
The securities being reported on are the Common Stock of Target Corp, with CUSIP number 87612E106.
What was the 'Date of Event' that required this filing?
The 'Date of Event which requires filing of this statement' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding TARGET CORP (TGT).