FMR LLC & Abigail Johnson Maintain 8.433% Stake in Associated Banc-Corp
Ticker: ASBA · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 7789
| Field | Detail |
|---|---|
| Company | Associated Banc-Corp (ASBA) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, passive-investment
TL;DR
**FMR LLC and Abigail Johnson still own 8.433% of Associated Banc-Corp.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in Associated Banc-Corp. As of February 9, 2024, they collectively beneficially own 12,728,936 shares of common stock, representing 8.433% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their reported holdings, and it matters to investors because it shows a significant institutional holder maintaining a substantial position in the bank.
Why It Matters
This filing confirms that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant portion of Associated Banc-Corp, signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence.
Analyst Insight
Investors should note the continued substantial institutional ownership by FMR LLC, which can be a sign of long-term stability, but this filing itself doesn't suggest immediate buying or selling action.
Key Numbers
- 12,728,936 — Shares Beneficially Owned (Total common stock shares of Associated Banc-Corp owned by FMR LLC and Abigail P. Johnson.)
- 8.433% — Percent of Class (The percentage of Associated Banc-Corp's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- ASSOCIATED BANC-CORP (company) — the issuer of the securities
- 12,728,936 (dollar_amount) — number of shares beneficially owned
- 8.433% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will likely maintain a significant stake in Associated Banc-Corp for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective sections on the cover page.
What is the total number of shares of ASSOCIATED BANC CORP common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 12,728,936 shares of ASSOCIATED BANC CORP common stock, as indicated in Item 7 on their respective cover pages and Item 4(a) for FMR LLC.
What percentage of ASSOCIATED BANC CORP's common stock do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 8.433% of the class of ASSOCIATED BANC CORP common stock, as shown in Item 11 on their respective cover pages and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box on the first page of the filing.
What is the CUSIP number for ASSOCIATED BANC CORP common stock?
The CUSIP number for ASSOCIATED BANC CORP common stock is 045487105, as stated in the filing under 'Cusip #045487105' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ASSOCIATED BANC-CORP (ASBA).