Vanguard Discloses 10.3% Stake in ASGN Inc. as of Dec 29, 2023

TL;DR

**Vanguard still holds over 10% of ASGN, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in ASGN Inc. As of December 29, 2023, Vanguard beneficially owned 5,022,904 shares of ASGN's Common Stock, representing 10.3% of the company. This filing indicates a slight adjustment in Vanguard's passive investment stake, which is important for investors as it shows a significant institutional holder's continued, albeit slightly modified, confidence in ASGN.

Why It Matters

This filing confirms Vanguard's substantial, passive ownership in ASGN, signaling to other investors that a major institutional player maintains a significant position in the company.

Risk Assessment

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

Analyst Insight

A smart investor would note Vanguard's continued significant, passive ownership as a sign of institutional stability, but recognize this filing doesn't suggest any active management changes or new strategic moves by Vanguard.

Key Numbers

• 5,022,904 — Shares Beneficially Owned (Represents the total number of ASGN Inc. Common Stock shares held by The Vanguard Group as of December 29, 2023.)
• 10.3% — Percentage of Class (Indicates the significant portion of ASGN Inc. Common Stock owned by The Vanguard Group, highlighting its substantial institutional stake.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and beneficial owner of ASGN Inc. shares
• ASGN Inc. (company) — the issuer of the Common Stock
• 5,022,904 (dollar_amount) — number of shares beneficially owned by The Vanguard Group
• 10.3% (dollar_amount) — percentage of ASGN Inc. Common Stock beneficially owned by The Vanguard Group
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in ASGN Inc. (ASGN Inc.) — high confidence, target: Next 12 months

FAQ

From the Filing

0001104659-24-013915.txt : 20240212 0001104659-24-013915.hdr.sgml : 20240212 20240212105001 ACCESSION NUMBER: 0001104659-24-013915 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASGN Inc CENTRAL INDEX KEY: 0000890564 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 954023433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43232 FILM NUMBER: 24618057 BUSINESS ADDRESS: STREET 1: 4400 COX ROAD, SUITE 110 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8188787900 MAIL ADDRESS: STREET 1: 4400 COX ROAD, SUITE 110 CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: ON ASSIGNMENT INC DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0010-asgninc.htm SCHEDULE 13G/A asgninc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 13)* Name of issuer:  ASGN Inc Title of Class of Securities:  Common Stock CUSIP Number:  00191U102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  00191U102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 55,460 7.  SOLE DISPOSITIVE POWER 4,607,806 8.  SHARED DISPOSITIVE POWER 107,923 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,715,729 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.99% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: ASGN Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 4400 Cox Road, Suite 110 Glen Allen, VA 23060-3354 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) -