BlackRock Amends ARROW FINANCIAL CORP Stake (14th Amendment)
Ticker: AROW · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 717538
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**BlackRock just updated its stake in Arrow Financial, pay attention to their moves!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in its ownership of ARROW FINANCIAL CORP's Common Stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their stake in the company. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding ARROW FINANCIAL CORP.
Why It Matters
This filing shows BlackRock's updated ownership in Arrow Financial, which can influence market perception and potentially the stock's liquidity.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and doesn't inherently signal high risk for the company.
Analyst Insight
An investor should note that BlackRock, a major institutional investor, is adjusting its position in ARROW FINANCIAL CORP. While this specific filing doesn't detail the change in percentage, it signals ongoing portfolio management. Smart investors would look for the full details of the ownership percentage in the complete filing to understand if BlackRock increased or decreased its stake, which could inform their own investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- ARROW FINANCIAL CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 14 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company of this filing?
The subject company is ARROW FINANCIAL CORP, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARROW FINANCIAL CORP' and '(Name of Issuer) ARROW FINANCIAL CORP'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of ARROW FINANCIAL CORP is 042744102, as listed under '(CUSIP Number) 042744102'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding ARROW FINANCIAL CORP (AROW).