State Street Corp Amends Frontdoor Inc. Stake as of 12/31/23
Ticker: FTDR · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1727263
| Field | Detail |
|---|---|
| Company | Frontdoor, Inc. (FTDR) |
| 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
**State Street Corp updated its passive stake in Frontdoor Inc. as of year-end 2023.**
AI Summary
State Street Corp filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Frontdoor, Inc. common stock as of December 31, 2023. This filing, made under Rule 13d-1(b), updates their previous disclosure regarding their passive investment in the home services company. This matters to investors because it provides transparency into institutional ownership, showing that a major financial institution like State Street continues to hold a position in Frontdoor, Inc., which can be a sign of confidence.
Why It Matters
This filing confirms State Street Corp's continued passive investment in Frontdoor, Inc., offering transparency into significant institutional holdings which can influence market perception and stability.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not signal any immediate risk or significant change in company control.
Analyst Insight
A smart investor would note State Street Corp's continued passive holding in Frontdoor, Inc. as a data point for institutional interest, but would not make investment decisions solely based on this routine disclosure. Further research into Frontdoor's financials and market position is warranted.
Key Players & Entities
- State Street Corp (company) — the reporting person filing the SC 13G/A
- Frontdoor, Inc. (company) — the subject company whose common stock is 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
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 'AMENDED FILING' in the document.
Who is the subject company whose shares are being reported?
The subject company is Frontdoor, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Frontdoor, Inc.'.
Who is the entity making this filing?
The entity making this filing is State Street Corp, identified under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Frontdoor, Inc. is 35905A109, as listed under 'CUSIP NUMBER: 35905A109'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 12/31/2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Frontdoor, Inc. (FTDR).