BlackRock Amends Atlantic Union Bankshares Stake (SC 13G/A)
Ticker: AUB-PA · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 883948
| Field | Detail |
|---|---|
| Company | Atlantic Union Bankshares Corp (AUB-PA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, bank, passive-investing
TL;DR
**BlackRock updated its stake in Atlantic Union Bankshares, signaling a change in its institutional holding.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership of Atlantic Union Bankshares Corp. common stock as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their stake in the bank. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors' decisions.
Why It Matters
Large institutional investors like BlackRock often conduct extensive due diligence; their buying or selling activity can be seen as a vote of confidence or concern, influencing market sentiment and stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership changes and does not inherently indicate a high level of risk.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for Atlantic Union Bankshares Corp to identify any significant trends in institutional ownership, which could provide insights into market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Atlantic Union Bankshares Corp (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 4 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 4)' in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are the subject of this filing?
The securities of Atlantic Union Bankshares Corp are the subject of this filing, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Atlantic Union Bankshares Corp'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Atlantic Union Bankshares Corp is 04911A107, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Atlantic Union Bankshares Corp (AUB-PA).