The most recent filing that Jennison Associates LLC made with the Securities and Exchange Commission (SEC) reveals that during the third quarter of 2018, the company increased its holdings of CVB Financial Corp. (NASDAQ: CVBF). The institutional investor spent approximately $1,565,000 to acquire 61,828 shares of the company’s stock.
Additionally, the percentages of CVBF holdings held by other hedge funds have decreased. The value of State Street Corporation’s holdings in CVB Financial increased by 24.3% during the first three months of 2018. The financial services provider’s stock is now owned in total by State Street Corp. to the tune of 7,689,996 shares, following the acquisition of an additional 1,502,666 shares during the period in question. The value of these shares on the market as of right now is $178,485,000. BlackRock Inc. raised its stake in CVB Financial by 7.7% during the first three months of 2018. BlackRock Inc. now has a total of 20,822,280 shares of the financial services provider’s stock after purchasing an additional 1,487,960 shares during the period. Based on the stock’s current market price, BlackRock Inc.’s holdings are estimated to be worth $483,284,000. Eaton Vance Management saw a 131.2% increase in the value of its holdings in CVB Financial during the first three months of the year. Eaton Vance Management currently owns 1,560,789 shares of the financial services provider’s stock. The current market value of these shares is $36,226,000. This is because the company purchased 885,786 additional shares during the period in question. JPMorgan Chase & Co. increased the amount of CVB Financial stock owned by 133.8% during the second quarter of the fiscal year. After making additional purchases totaling 789,687 stocks over the quarter, JPMorgan Chase & Co. now holds 1,380,031 shares of the financial services provider’s stock, which are currently valued at a total of $34,238,000. The company acquired these shares during the quarter. And lastly, during the first three months of this year, Vanguard Group Inc. increased the amount of CVB Financial stock owned by 5.2%, bringing its total ownership percentage to 100%. Vanguard Group Inc. now has a total of 15,296.047 shares of the financial services provider’s stock after making an additional purchase of 750,265 shares during the period. These shares are now valued at $355,021,000 because of Vanguard Group Inc. The majority of the company’s shares are owned by institutional investors and hedge funds, accounting for 71.35% of the total.