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Grove Bank & Trust cuts Target stake by 91.6%, while Target raises dividend and posts strong earnings.

Market News
23 Mar 2026
Defense World
View Source
Neutral
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Grove Bank & Trust significantly reduced its holdings in Target Corporation by 91.6% in Q4, retaining just 641 shares valued at $63,000. Despite this, Target reported better-than-expected Q4 earnings with $2.44 EPS, beating estimates by $0.28, though revenue slightly declined year-over-year. The company announced a quarterly dividend of $1.14 per share, yielding 4.0%, payable June 1. Analysts remain mixed but generally positive, with price targets ranging from $90 to $144 and an average rating of "Hold."

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