Independent Bank Corp Ownership (INDB)

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Independent Bank Corp Ownership Highlights

Independent Bank Corp (NASDAQ:INDB) is owned by 92.89% institutional shareholders and by 1.20% insiders. The rest is owned by the public.

The largest institutional owner of Independent Bank Corp is "BlackRock Inc", owning 14.75% of the company's total share outstanding.

The largest mutual fund owner of Independent Bank Corp is "iShares Core S&P Small-Cap ETF", owning 6.71% of the company's total share outstanding.

Institutional Owners of Independent Bank Corp

The top 10 institutional shareholders of Independent Bank Corp together own 18.26M shares, representing 55.25% of Independent Bank Corp's total shares outstanding.

The table below contains a list of the top institutional shareholders of INDB.

Name Shares % of Shares Out % of Total Assets Managed Change (Shares) Change %
BlackRock Inc 4.87M 14.75% 0.01% -13.44K -0.28%
Vanguard Group Inc 3.61M 10.92% 0.01% -40.30K -1.10%
State Street Corporation 1.80M 5.45% 0.01% 322.12K 21.80%
Victory Capital Management Inc. 1.79M 5.41% 0.13% 403.15K 29.14%
Silvercrest Asset Management Group LLC 1.52M 4.61% 0.75% -4.02K -0.26%
Champlain Investment Partners, LLC 1.52M 4.59% 0.54% 223.22K 17.26%
Dimensional Fund Advisors, Inc. 1.02M 3.07% 0.02% -27.91K -2.67%
Macquarie Group Ltd 741.77K 2.24% 0.05% 13.44K 1.85%
T. Rowe Price Associates, Inc. 706.24K 2.14% 0.00% 13.99K 2.02%
Goldman Sachs Group Inc 687.64K 2.08% 0.01% -189.01K -21.56%

Mutual Funds Holding Independent Bank Corp

The top 10 mutual funds shareholders of Independent Bank Corp together hold 10.59M shares, representing 32.05% of Independent Bank Corp's total shares outstanding.

The table below contains a list of the top mutual funds holding INDB.

Owner Name Shares % of Shares Out % of Total Assets Managed Change (Shares) Change %
iShares Core S&P Small-Cap ETF 2.22M 6.71% 0.26% - -
Victory Small Cap Value CIT (Net 75) 1.43M 4.31% 1.60% 115.00K 8.78%
Victory Sycamore Small Company Opp R 1.43M 4.31% 1.60% 115.00K 8.78%
Champlain Small Company Fund, LLC 1.22M 3.70% 1.57% 4.55K 0.37%
Vanguard Total Stock Mkt Idx Inv 898.84K 2.72% 0.01% 6.24K 0.70%
Vanguard Small Cap Index 778.37K 2.36% 0.04% -3.90K -0.50%
iShares Russell 2000 ETF 720.11K 2.18% 0.09% - -
Champlain Small Company Adv 710.00K 2.15% 1.43% 125.00K 21.37%
Delaware Small Cap Core I 598.16K 1.81% 0.63% - -
Macquarie US Small Cap Core Equity 598.16K 1.81% 0.63% 7.71K 1.31%

Insider Transactions

Transaction Date Insider Name Buy/ Sell Number of Shares Price Shares Held After Transaction Details
Nov 8, 2021 Edward H Seksay Sell 8.00K $92.17 Details
Aug 6, 2021 Eileen C. Miskell Sell 2.65K $72.79 Details
Apr 29, 2021 Robert D. Cozzone Sell 1.00K $83.24 Details
Dec 9, 2020 Eileen C. Miskell Sell 800.00 $73.49 Details
Dec 2, 2020 Edward H Seksay Sell 1.00K $68.50 13.05K Details
Aug 17, 2020 Daniel F Obrien Sell 2.00K $67.54 22.94K Details
May 27, 2020 Donna L. Abelli Sell 780.00 $72.00 Details
Apr 28, 2020 Robert D. Cozzone Sell 3.50K $72.02 Details
Feb 5, 2020 Christopher Oddleifson Sell 1.50K $76.13 92.94K Details
Dec 13, 2019 Gerard F Nadeau Sell 1.45K $84.55 16.34K Details

Independent Bank Corp Ownership: A Close Look

Independent Bank Corp's Largest Institutional Shareholders

The largest institutional shareholders of Independent Bank Corp are "BlackRock Inc", "Vanguard Group Inc" and "State Street Corporation". Those three own together 31.11% of INDB's total shares outstanding.

1. BlackRock Inc (NYSE:BLK)

BlackRock is one of the world’s leading asset management firms and a premier provider of investment management, risk management and advisory services to institutional, intermediary and retail clients worldwide. The company offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. As of 31 December 2020, BlackRock’s assets under management totaled US$8.68 trillion.

The company owns 4.87M shares of Independent Bank Corp, representing 14.75% of INDB's total share outstanding. Using the last stock closing price of $87.68, BlackRock Inc's current total stake in Independent Bank Corp is worth $427.25M.

Blackrock Inc is a public company, traded on the NYSE stock market.

2. Vanguard Group Inc

Vanguard is one of the world's largest investment companies, offering a large selection of low-cost mutual funds, ETFs, advice, and related services. As of January 31, 2021, Vanguard's asset under management totaled US$7.2 trillion. The company manages 209 U.S. funds and about 232 additional funds in markets outside the United States. Vanguard has more than 30 million investors, in about 170 countries.

The company owns 3.61M shares of Independent Bank Corp, representing 10.92% of INDB's total share outstanding. Using the last stock closing price of $87.68, Vanguard Group Inc's current total stake in Independent Bank Corp is worth $316.43M.

3. State Street Corporation (NYSE:STT)

State Street provides investment management, servicing and administration, research and trading, and financial data analytics for institutional investors. As of 31 December 2020, the company’s assets under management totaled US$3.5 trillion.

The company owns 1.80M shares of Independent Bank Corp, representing 5.45% of INDB's total share outstanding. Using the last stock closing price of $87.68, State Street Corporation's current total stake in Independent Bank Corp is worth $157.77M.

State Street Corporation is a public company, traded on the NYSE stock market.

Independent Bank Corp's Largest Mutual Fund Holders

The largest mutual fund holders of Independent Bank Corp are "iShares Core S&P Small-Cap ETF", "Victory Small Cap Value CIT (Net 75)" and "Victory Sycamore Small Company Opp R". Together these mutual funds hold 15.33% of Independent Bank Corp's total share outstanding.

"iShares Core S&P Small-Cap ETF" holds 2.22M shares, representing 6.71% of Independent Bank Corp's total shares outstanding.

"Victory Small Cap Value CIT (Net 75)" holds 1.43M shares, representing 4.31% of Independent Bank Corp's total shares outstanding.

"Victory Sycamore Small Company Opp R" holds 1.43M shares, representing 4.31% of Independent Bank Corp's total shares outstanding.