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New York Community Bancorp Inc. Message Board

  • ms_rre ms_rre Feb 11, 2012 10:50 PM Flag

    Why is nobody talking about this?

    Capital World cuts stake in NY Community Bank

    Los Angeles-based Capital World Investors, the biggest shareholder in New York Community Bancorp, has reduced its stake in the bank, but continues to hold nearly 5 percent of the company’s shares.

    The firm in a Securities and Exchange Commission filing dated Thursday said it cut its stake to 21.6 million shares or 4.9 percent of the 437.4 million shares outstanding, as of Dec. 30, 2011.

    That’s down from 24.95 million shares or 5.7 percent of the stock as of Sept. 30, 2011, according to Capital World Investors in the filing also indicated its stake had fallen to below 5 percent of shares.

    Even if it has sold some stock, Capital World’s holdings as of earlier today were still worth more than $270 million. The company’s 5.7 percent stake had been worth about $297 million as of Sept. 30, 2011, according to Yahoo! Finance.

    Other institutional shareholders with big stakes in the Westbury-based bank include the Vanguard Group, Orbis Holdings, the State Street Corp., BlackRock Fund Advisors and BlackRock Institutional Trust Co.

    Capital World Investors, a division of Capital Research and Management Co., is an investment manager for individuals and institutions that also manages mutual funds and pooled investments.

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