Target Corporation $TGT Shares Bought by Convergence Financial LLC

Posted by George Bondi on Oct 29th, 2026

Target logo Convergence Financial LLC lifted its position in shares of Target Corporation (NYSE:TGT – Free Report) by 365.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,124 shares of the retailer’s stock after purchasing an additional 8,736 shares during the quarter. Convergence Financial LLC’s holdings in Target were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TGT. Sigma Investment Counselors Inc. boosted its stake in Target by 158.1% during the third quarter. Sigma Investment Counselors Inc. now owns 4,013 shares of the retailer’s stock worth $629,000 after buying an additional 2,458 shares in the last quarter. Generali Asset Management SPA SGR raised its stake in shares of Target by 0.6% in the 3rd quarter. Generali Asset Management SPA SGR now owns 50,972 shares of the retailer’s stock valued at $7,987,000 after buying an additional 294 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Target by 63.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 316,422 shares of the retailer’s stock valued at $49,580,000 after buying an additional 122,681 shares in the last quarter. Latitude Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at $125,000. Finally, SYM FINANCIAL Corp lifted its holdings in shares of Target by 4.2% during the 3rd quarter. SYM FINANCIAL Corp now owns 2,981 shares of the retailer’s stock worth $467,000 after acquiring an additional 120 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Activity

In other Target news, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Target Stock Performance

Target stock opened at $148.60 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The stock has a fifty day moving average price of $157.35 and a two-hundred day moving average price of $133.34. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The firm has a market capitalization of $67.51 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.83 and a beta of 0.98.

Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The company had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $2.05 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts anticipate that Target Corporation will post 8.89 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. Target’s dividend payout ratio (DPR) is 48.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TGT. Wolfe Research set a $169.00 target price on shares of Target in a research report on Monday, August 3rd. BMO Capital Markets increased their price target on shares of Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Guggenheim raised their price target on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada raised their price target on shares of Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Zacks Research raised Target from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $159.33.

Get Our Latest Stock Analysis on Target

About Target

(Free Report)

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.