AT&T Sees Shift in Institutional Ownership

2 min read | November 19, 2024 04:33 AM PST | By Team Kalkine Media

Google News:

AT&T Sees Shift in Institutional Ownership — Image source: Shutterstock

Recent News

Virtu Financial Stock Gains Focus After Fresh Market High

Can Kroger Navigate Margin Challenges and Strengthen Customer Loyalty?

How Brixmor Is Strengthening Communities Through Responsibility

3M Stock Outlook: Key Technical Levels and Business Strengths

Make Kalkine Media
My Trusted Source

Headlines

MAI Capital Management trims its AT&T stake in the third quarter.

Multiple institutional investors adjust their positions in AT&T.

A majority of AT&T shares are held by institutional investors.

AT&T Inc. (NYSE:T) recently saw changes in its institutional ownership. MAI Capital Management reduced its holdings by a notable percentage in the third quarter, reflecting a shift in its portfolio strategy. The firm now holds a smaller number of shares in the telecom giant after selling a portion of its stock.

A range of other major institutional investors have also adjusted their positions in AT&T. Bank of New York Mellon Corp increased its shareholding by a significant amount during the second quarter. As a result, it now owns a larger portion of AT&T. Similarly, Legal & General Group Plc and Ameriprise Financial Inc. also raised their stakes in the company, securing additional shares to boost their holdings.

Furthermore, LSV Asset Management and Pacer Advisors Inc. followed suit, expanding their positions in AT&T over the same period. This trend highlights a general movement among key investors to adjust their exposure to the telecom sector.

In total, institutional investors currently hold a majority of AT&T's outstanding shares, emphasizing the strong institutional confidence in the company. The concentration of ownership by large investors underscores AT&T's significant position in the market. These strategic moves by institutional players reflect the evolving dynamics of the company's shareholder base.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.