Will Target’s Agreement With TD Bank Please These Top Institutional Shareholders?

Target Corp. (NYSE:TGT) entered an agreement to sell their entire consumer credit card portfolio worth $5.9 billion to TD Bank (NYSE:TD). The latter will also become the exclusive issuer of Target-branded consumer credit cards to the retailer’s united States customers for the next seven years. However, Target will continue to earn a substantial portion of the profits from the their credit card and Visa portfolios.

Will Target Corp.’s shareholders increase their shares? They reported owning a total of 28.936 million shares on 09/30/2012. The shares closed at $63.47 on 09/30/2012.

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Here are the ten largest positions in Target Corp. at the end of September 30th, 2012.

Bank of New York Mellon Corp held 8,837,414 shares on 09/30/2012 worth $560,910,677. This brought the portfolio total to 0.21%.

Schwab Charles Investment Management Inc held 2,294,742 shares on 09/30/2012 worth $145,647,278. This brought the portfolio total to 0.4%.

Magellan Asset Management Ltd held 1,401,187 shares on 09/30/2012 worth $88,933,341. This brought the portfolio total to 3.87%.

Strs Ohio held 1,362,795 shares on 09/30/2012 worth $86,496,600. This brought the portfolio total to 0.38%.

River Road Asset Management LLC held 1,343,454 shares on 09/30/2012 worth $85,269,027. This brought the portfolio total to 1.34%.

Mizuho Trust & Banking Co. Ltd. held 1,052,574 shares on 09/30/2012 worth $66,806,873. This brought the portfolio total to 0.26%.

Nordea Investment Management AB held 623,213 shares on 09/30/2012 worth $39,555,330. This brought the portfolio total to 0.29%.

Factory Mutual Insurance Co held 494,000 shares on 09/30/2012 worth $31,354,181. This brought the portfolio total to 0.58%.

General American Investors Co Inc held 460,000 shares on 09/30/2012 worth $29,196,201. This brought the portfolio total to 3.01%.

Public Employees Retirement Association of Colorado held 453,900 shares on 09/30/2012 worth $28,809,034. This brought the portfolio total to 0.24%.

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