Baird Financial Group Inc. Has $21.32 Million Stock Holdings in Cencora, Inc. $COR

Key Takeaways:

• Baird Financial Group Inc. cut its stake in Cencora by 7.5%.
• 6,194 shares were sold in the first quarter.
• The firm retained 76,660 shares after the sale.
• The remaining shares are valued at $21.318 million.
• Cencora trades on the NYSE under the ticker COR.

Introduction

Baird Financial Group Inc. recently announced a change in its holdings of Cencora, Inc. (NYSE: COR). According to a first-quarter filing, the firm has reduced its position by 7.5%, reflecting a strategic decision to sell a portion of its shares.

Details of the Stake Reduction

Baird sold 6,194 shares from its portfolio during the first quarter. Despite this, the investment group continues to maintain a notable presence in Cencora’s share register. Its holdings stand at 76,660 shares, showing that Baird remains engaged with the company even after the reduction.

Financial Significance

The remaining shares held by Baird Financial Group Inc. in Cencora carry a reported value of $21.318 million as of the latest filing. This figure underscores the ongoing importance of Cencora as part of Baird’s portfolio, highlighting the firm’s confidence in the company’s longer-term prospects, even after trimming its stake.

Conclusion

While Baird Financial Group Inc. has lowered its position in Cencora, the sizeable value of $21.318 million indicates that the company remains a significant component of Baird’s overall investment strategy. With Cencora listed as “COR” on the New York Stock Exchange, observers will keep watch on how both the firm’s and the market’s outlook evolves in the coming quarters.