State Street Amends FIRST BANCORP /PR/ Common Stock Holdings
Ticker: FBP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1057706
| Field | Detail |
|---|---|
| Company | First Bancorp /Pr/ (FBP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, common-stock
TL;DR
**State Street updated its stake in First BanCorp, signaling a potential shift in institutional sentiment.**
AI Summary
State Street Corporation filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Common Stock in FIRST BANCORP /PR/ as of December 31, 2023. This filing is an amendment to a previous disclosure, signaling a potential change in their beneficial ownership percentage, though the exact new percentage isn't detailed in this snippet. For investors, this matters because State Street is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in FIRST BANCORP /PR/'s future performance.
Why It Matters
Large institutional investors like State Street Corporation often have significant research capabilities, so their buying or selling activity can be seen as a vote of confidence or concern for a company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate significant risk, but rather provides transparency.
Analyst Insight
Investors should look for the full SC 13G/A filing to determine the exact change in State Street's beneficial ownership percentage in FIRST BANCORP /PR/ to gauge institutional sentiment.
Key Numbers
- 12/31/2023 — Date of Event (The date as of which the ownership information is being reported.)
- 0000093751-24-000160 — Accession Number (Unique identifier for this specific SEC filing.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- FIRST BANCORP /PR/ (company) — the subject company whose securities are being reported
- Common Stock (other) — the class of securities held by State Street Corporation
- 04-2456637 (other) — IRS Identification Number for State Street Corporation
- 318672706 (other) — CUSIP Number for FIRST BANCORP /PR/ Common Stock
Forward-Looking Statements
- State Street Corporation's beneficial ownership percentage in FIRST BANCORP /PR/ has changed from its previous filing. (State Street Corporation) — high confidence, target: N/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, specifically designated as an 'AMENDED FILING'.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, with IRS Identification No. 04-2456637.
What is the subject company whose securities are being reported?
The subject company is FIRST BANCORP/PUERTO RICO, also referred to as FIRST BANCORP /PR/.
What is the CUSIP number for the class of securities mentioned?
The CUSIP number for the Common Stock of FIRST BANCORP/PUERTO RICO is 318672706.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was 12/31/2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding FIRST BANCORP /PR/ (FBP).