Shares outstanding

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Shares outstanding are all the shares of a corporation that have been authorized, issued and purchased by investors and are held by them. They are distinguished from treasury shares, which are shares held by the corporation itself, thus representing no exercisable rights. Shares outstanding and treasury shares together amount to the number of issued shares.

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Shares outstanding can be calculated as either basic or fully diluted. The basic count is the current number of shares. Dividend distributions and voting in the general meeting of shareholders are calculated according to this number. The fully diluted shares outstanding count, on the other hand, includes diluting securities, such as warrants, capital notes or convertibles. If the company has any diluting securities, this indicates the potential future increased number of shares outstanding.

Finding the number of shares outstanding

The number of outstanding shares may change due to changes in the number of issued shares, as well as the change in treasury shares. Both can occur at any time of the year. There are several useful public sources to find the number of shares outstanding of a given corporation.

Public traded companies' investor relations

The financial reporting obligation of the publicly traded company also ensures the publication of issued and outstanding shares. The reports are usually available in the investor relations section of the company's website. Web directories are supporting direct access to company websites. [1] Publicly traded companies bundle the reports in the investor relations section, e.g. Deutsche Bank, [2] Eni S.p.a., [3] AB InBev, [4] EDP - Energias do Brasil SA [5] or Accor SA. [6]

Authorized information service

In many countries, there is an information service authorized or provided by the local financial authority which gives access to companies' financial reporting. In the United States, the number of shares outstanding may be obtained from quarterly filings with the U.S. Securities and Exchange Commission. Quarterly filings are accessible using the US EDGAR. [7] In Germany, those figures are available using the German company register, the central platform for storage of company data. [8] In the Netherlands, the Netherlands Authority for the Financial Markets (AFM) provides on its website a register of issued capital. [9] In Italy, the Commissione Nazionale per le Società e la Borsa (CONSOB) provides on its website a register of issuers with latest total shares. [10]

Local stock exchanges

Since outstanding shares are an essential detail of publicly traded companies the number can be found on the local stock exchange websites. Beyond stock charts and listed prices, they also provide the companies' number of outstanding shares. Examples include the Brazilian BM&FBOVESPA, [11] the Swiss SIX, [12] the Borsa Italiana [13] and the Tel Aviv Stock Exchange (where shares outstanding are termed "Capital Listed for Trading"). [14]

See also

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Security (finance) Tradable financial asset

A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants.

Warrant (finance)

In finance, a warrant is a security that entitles the holder to buy or sell stock, typically the stock of the issuing company, at a fixed price called the exercise price.

Public company Company that offers its securities for sale to the general public

A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly-traded) company can be listed on a stock exchange, which facilitates the trade of shares, or not. In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are private enterprises in the private sector, and "public" emphasizes their reporting and trading on the public markets.

Euronext European financial services company

Euronext N.V. is a pan-European bourse that offers various trading services and post-trade services such as clearing, custody and settlement. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, derivatives, commodities, foreign exchange as well as indices. In December 2021, it had nearly 2,000 listed issuers worth €6.9 trillion in market capitalisation. Euronext is also the largest center for debt and funds listings in the world, and provides technology and managed services to third parties. In addition to its main regulated market, it operates Euronext Growth and Euronext Access, providing access to listing for small and medium-sized enterprises. Euronext operates a multi-asset clearing house, Euronext Clearing, and provides custody and settlement services through its central securities depository (CSD), Euronext Securities. Euronext's commodity market includes the electric power exchange Nord Pool, as well as Fish Pool.

Treasury stock Stock which is bought back by the issuing company

A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Preferred stock Type of stock which may have any combination of features not possessed by common stock

Preferred stock is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior to common stock but subordinate to bonds in terms of claim and may have priority over common stock in the payment of dividends and upon liquidation. Terms of the preferred stock are described in the issuing company's articles of association or articles of incorporation.

Shanghai Stock Exchange Stock exchange in Shanghai, China

The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's 3rd largest stock market by market capitalization at US$7.62 trillion as of July 2021. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities.

B3 (stock exchange)

B3 S.A.- Brasil, Bolsa, Balcão, formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country. At the end of 2011 it had a market capitalization of R$2.37 trillion, making it the 13th largest stock exchange in the world. However, owing to the slump in economic growth in Brazil associated with political problems, in addition to the strengthening of the United States dollar against the Brazilian real, the capitalization shrank to R$2.21 trillion by the end of 2015.

Earnings per share Value of earnings per outstanding share of common stock for a company

Earnings per share (EPS) is the monetary value of earnings per outstanding share of common stock for a company.

Rights issue

A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it can be a non-dilutive pro rata way to raise capital. Rights issues are typically sold via a prospectus or prospectus supplement. With the issued rights, existing security-holders have the privilege to buy a specified number of new securities from the issuer at a specified price within a subscription period. In a public company, a rights issue is a form of public offering.

Italian Bourse Italian stock exchange

Borsa Italiana, based in Milan, is the Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.

Stock dilution, also known as equity dilution, is the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new equity. New equity increases the total shares outstanding which has a dilutive effect on the ownership percentage of existing shareholders. This increase in the number of shares outstanding can result from a primary market offering, employees exercising stock options, or by issuance or conversion of convertible bonds, preferred shares or warrants into stock. This dilution can shift fundamental positions of the stock such as ownership percentage, voting control, earnings per share, and the value of individual shares.

Borsa Istanbul Sole exchange entity of Turkey

The Borsa İstanbul is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE), the Istanbul Gold Exchange and the Derivatives Exchange of Turkey under one umbrella. It was established as an incorporated company with a founding capital of ₺ 423,234,000 on April 3, 2013, and began to operate on April 5, 2013. Its logo is the traditional Ottoman mark for Istanbul, the tulip. Its slogan is worth investing.

Lusaka Stock Exchange

The Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.

The Kazakhstan Stock Exchange is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993.

Malta Stock Exchange

The Malta Stock Exchange, originally known as the Casino della Borsa, is the stock exchange of the island nation of Malta. Since being set up in 1992, the Exchange has been key to the raising of capital for the private sector through the issue of corporate bonds and equity while virtually all the national debt of Government of Malta has been issued in the form of Malta Government bonds and treasury bills that are listed and traded on the secondary market.

UBI Banca Italian banking group

Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite and Banca Lombarda e Piemontese banking groups.

Commissione Nazionale per le Società e la Borsa is the government authority of Italy responsible for regulating the Italian securities market. This includes the regulation of the Italian stock exchange, the Borsa Italiana.

Swissquote

Swissquote Group Holding SA is a Swiss banking group specialising in the provision of online financial and trading services. The Group's shares have been listed on the SIX Swiss Exchange under the ticker symbol “SQN” since 29 May 2000. The Group's headquarters are located in Gland, Switzerland. The company also has offices in Zurich, Bern, London, Dubai, Hong Kong, Malta, Singapore and Luxembourg. The Group has 722 employees.

References

  1. "Yahoo Finance - Business Finance, Stock Market, Quotes, News". finance.yahoo.com.
  2. "Investor Relations – Deutsche Bank". www.db.com.
  3. "Investors and ENI stakeholders - Eni". www.eni.com.
  4. "Anheuser Busch InBev SA investor relations".
  5. "EDP - Energias do Brasil SA investor relations".
  6. "Worldwide leader in hospitality - AccorHotels Group". www.accor.com.
  7. "SEC.gov - Filings & Forms". www.sec.gov.
  8. "Unternehmensregister". www.unternehmensregister.de.
  9. "Homepage van toezichthouder Autoriteit Financiële Markten (AFM)". www.afm.nl.
  10. "Italian CONSOB".
  11. "Brasilian BM&FBOVESPA".
  12. "SIX Swiss Exchange". www.six-swiss-exchange.com.
  13. "Quotazioni, Azioni, Obbligazioni, ETF, Fondi, Indici - Borsa Italiana". www.borsaitaliana.it.
  14. "Tel Aviv Stock Exchange TASE Site – Securities".