Q:

Who owns Target?

A:

Quick Answer

Many people and business entities own Target, since it is a publicly-owned company with shares listed on the New York Stock Exchange. State Street Corporation was the largest shareholder as of June 30, 2014, owning 9.94 percent of the shares outstanding.

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The Vanguard Group and Fidelity Management and Research are also large shareholders. These companies manage investments on behalf of clients who are saving for retirement or other financial goals. There is no single person who has control over the company. Shareholders have the right to group together and vote on resolutions at shareholders meetings to influence the direction of the business. Shareholders may also buy enough shares on the open market to take control of voting. The value of all Target shares outstanding is $39.18 billion, as of 2014. This is also known as its market capitalization.

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