State Street Corp. Holds 8.9% Stake in Associated Banc-Corp
Ticker: ASBA · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 7789
| Field | Detail |
|---|---|
| Company | Associated Banc-Corp (ASBA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking
TL;DR
**State Street Corp. owns 8.9% of Associated Banc-Corp, a significant institutional holding.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in Associated Banc-Corp. As of December 31, 2023, State Street beneficially owned 13,836,703 shares of Associated Banc-Corp's common stock, representing 8.9% of the company. This filing indicates a significant institutional stake, which can be a sign of confidence in the stock's long-term prospects for investors.
Why It Matters
This filing shows a large institutional investor, State Street Corporation, maintains a substantial stake in Associated Banc-Corp, which can signal stability and institutional confidence to current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor's continued stake, generally seen as a positive or neutral signal, not increasing risk.
Analyst Insight
Investors should note the continued significant institutional ownership by State Street Corporation, which can be a factor in assessing long-term stability, but this filing alone doesn't suggest immediate action.
Key Numbers
- 13,836,703 — Shares owned by State Street Corp. (Represents the total number of common stock shares of Associated Banc-Corp beneficially owned by State Street Corporation as of December 31, 2023.)
- 8.9% — Percentage of class owned (Indicates the significant percentage of Associated Banc-Corp's common stock held by State Street Corporation, showing a substantial institutional investment.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and beneficial owner
- Associated Banc-Corp (company) — the issuer of the securities
- 13,836,703 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 8.9% (dollar_amount) — percentage of class beneficially owned by State Street Corporation
- December 31, 2023 (date) — date of event requiring the filing
- January 24, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain a significant stake in Associated Banc-Corp. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
Who filed this SC 13G/A amendment?
State Street Corporation filed this SC 13G/A amendment, as indicated by 'NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2 of the filing.
What company's shares are the subject of this filing?
The shares of ASSOCIATED BANC-CORP are the subject of this filing, as stated under 'NAME OF ISSUER' on page 1 of the filing.
What percentage of Associated Banc-Corp's common stock does State Street Corporation beneficially own?
State Street Corporation beneficially owns 8.9% of Associated Banc-Corp's common stock, as detailed in the 'PERCENTAGE OF CLASS BENEFICIALLY OWNED BY REPORTING PERSON' section on page 3 of the filing.
How many shares of Associated Banc-Corp common stock does State Street Corporation beneficially own?
State Street Corporation beneficially owns 13,836,703 shares of Associated Banc-Corp's common stock, as reported under 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON' on page 3 of the filing.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' on page 1 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ASSOCIATED BANC-CORP (ASBA).