Vanguard Discloses 92M Shares in Westpac Banking Corp

TL;DR

**Vanguard still holds over 92 million shares of Westpac, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of 92,016,037 shares of Westpac Banking Corp (CUSIP 006076146) as of December 29, 2023. This represents a significant shared voting power, indicating Vanguard's continued substantial, albeit passive, investment in the Australian bank. For investors, this filing confirms a large institutional holder's ongoing confidence in Westpac, which could be seen as a positive signal for the stock's stability.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, maintains a significant stake in Westpac, signaling its continued belief in the company's long-term prospects. This can reassure current and potential investors about the stock's stability and institutional backing.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company fundamentals.

Analyst Insight

Investors should note that a major institutional player like Vanguard continues to hold a substantial, passive position in Westpac, which can be a sign of long-term stability. This filing doesn't suggest any immediate buy/sell action but reinforces the stock's institutional backing.

Key Numbers

• 92,016,037 — Shared Voting Power Shares (Represents the number of Westpac shares Vanguard can vote in conjunction with others, indicating a substantial investment.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Westpac Banking Corp (company) — issuer of the securities
• 92,016,037 (dollar_amount) — number of shares with shared voting power held by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in Westpac Banking Corp. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

Filing Documents

• tv02278-westpacbankingcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-022302.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Westpac Banking Corp

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

Item 1(b) - Address of Issuer's Principal Executive Offices: Level 18, 275 Kent Street Sydney, New South Wales (NSW) 2000

(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 006076146

- 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