BlackRock Amends BNY Mellon Stake, Signals Continued Passive Holding
Ticker: BK-PK · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1390777
| Field | Detail |
|---|---|
| Company | Bank Of New York Mellon Corp (BK-PK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its BNY Mellon stake, showing it's still a big, passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Common Stock in The Bank of New York Mellon Corporation as of December 31, 2023. This filing, Amendment No. 7, indicates BlackRock's continued significant, though passive, stake in the bank. This matters to investors because BlackRock is a major institutional investor, and its holdings can signal confidence or changes in its investment strategy for Bank of New York Mellon, potentially influencing other investors.
Why It Matters
BlackRock's updated filing confirms its ongoing, substantial investment in The Bank of New York Mellon Corporation, providing transparency into a key institutional holder's position.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued passive stake in The Bank of New York Mellon Corporation, which suggests stability in institutional ownership but doesn't signal any immediate catalysts or concerns.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- The Bank of New York Mellon Corporation (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 064058100 (other) — CUSIP number for The Bank of New York Mellon Corporation's Common Stock
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 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7)'.
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 being reported in this filing?
The securities of The Bank of New York Mellon Corporation are being reported, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bank of New York Mellon Corp' and 'THE BANK OF NEW YORK MELLON CORPORATION (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of The Bank of New York Mellon Corporation is 064058100, as listed under 'CUSIP No. 064058100'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Bank of New York Mellon Corp (BK-PK).