Legal & General Group Plc Increases Stake in Target Corporation

The institutional investor now owns over 3.3 million shares of the retail giant.

Mar. 12, 2026 at 10:21am

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Legal & General Group Plc, a major institutional investor, has increased its stake in Target Corporation (NYSE:TGT) by 0.8% in the third quarter. The firm now owns 3,309,746 shares of the retailer's stock, valued at $296,884,000, representing 0.73% of Target's outstanding shares.

Why it matters

This increase in ownership by a prominent institutional investor signals continued confidence in Target's performance and growth potential. As a major shareholder, Legal & General Group Plc's actions provide insight into the stock's outlook from the perspective of a sophisticated, long-term investor.

The details

According to a recent SEC filing, Legal & General Group Plc added 25,989 shares to its existing Target position during the third quarter. The firm now owns over 3.3 million shares of the retail giant, making it one of Target's largest institutional shareholders.

  • Legal & General Group Plc increased its stake in Target in the third quarter of 2026.

The players

Legal & General Group Plc

A major institutional investor and one of Target Corporation's largest shareholders.

Target Corporation

A U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota.

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The takeaway

This increase in ownership by a prominent institutional investor like Legal & General Group Plc suggests continued confidence in Target's long-term growth prospects and ability to navigate the evolving retail landscape.