State Street Corp Reports 8.7% Passive Stake in Ball Corp
Ticker: BALL · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 9389
| Field | Detail |
|---|---|
| Company | Ball Corp (BALL) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**State Street just disclosed an 8.7% passive stake in Ball Corp, a bullish signal from a big player.**
AI Summary
State Street Corporation, a major financial institution, reported on January 29, 2024, that it holds a significant stake in Ball Corp (BLL), a metal can manufacturer. As of December 31, 2023, State Street beneficially owned 27,249,022 shares of Ball Corp's common stock, representing 8.7% of the company. This filing indicates State Street's passive investment in Ball Corp, signaling confidence from a large institutional investor, which can be a positive sign for current and prospective shareholders.
Why It Matters
This filing shows a major institutional investor, State Street, has a substantial, passive stake in Ball Corp, which can reassure investors about the company's stability and long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor holds a significant stake, which generally reduces perceived risk due to their due diligence.
Analyst Insight
A smart investor would view State Street's significant, passive stake as a vote of confidence, potentially signaling long-term stability for Ball Corp. This could encourage further research into Ball Corp's fundamentals, as large institutional holdings often reflect thorough due diligence.
Key Numbers
- 27,249,022 — Shares Beneficially Owned (Represents State Street Corporation's total holdings in Ball Corp as of December 31, 2023.)
- 8.7% — Ownership Percentage (Indicates the significant portion of Ball Corp's common stock held by State Street Corporation.)
Key Players & Entities
- State Street Corporation (company) — reporting person and institutional investor
- Ball Corp (company) — subject company, issuer of common stock
- 27,249,022 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 8.7% (dollar_amount) — percentage of Ball Corp's common stock owned by State Street Corporation
- December 31, 2023 (person) — date of event requiring the filing
Forward-Looking Statements
- Ball Corp's stock price will experience increased stability due to the significant institutional ownership. (Ball Corp) — medium confidence, target: 6 months
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by State Street Corporation, as indicated by the 'FILED BY' section and 'NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2.
What company is the subject of this filing?
The subject company of this filing is BALL Corp, as stated under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: BALL Corp' and 'BALL CORP (NAME OF ISSUER)' on page 1.
What percentage of Ball Corp's common stock does State Street Corporation beneficially own?
State Street Corporation beneficially owns 8.7% of Ball Corp's common stock, as detailed in the filing.
What was the date of the event that required 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.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by '(X) RULE 13D-1 (B)' on page 1.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding BALL Corp (BALL).