State Street Corp Updates Passive Stake in Fulton Financial
Ticker: FULTP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 700564
| Field | Detail |
|---|---|
| Company | Fulton Financial Corp (FULTP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street Corp is still a major holder of Fulton Financial stock.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Fulton Financial Corp's common stock as of December 31, 2023. This filing is a routine update from an institutional investor, confirming their passive stake in Fulton Financial. For investors, this means a significant institutional holder continues to maintain its position, which can be a sign of confidence in the company's stability.
Why It Matters
This filing confirms State Street Corporation's continued passive investment in Fulton Financial, signaling that a major institutional investor maintains its position, which can be a positive indicator for other shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment from an institutional investor, indicating no significant change in their passive ownership that would pose a new risk.
Analyst Insight
Investors should view this as a routine update, confirming a major institutional investor's continued, passive stake. It doesn't suggest immediate action but reinforces the existing institutional confidence in Fulton Financial.
Key Numbers
- 360271100 — CUSIP Number (identifies Fulton Financial Corp's common stock)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Fulton Financial Corp (company) — the issuer of the securities
- 0000093751-24-000154 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
- January 24, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in Fulton Financial Corp for the foreseeable future. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
What is the purpose of this SC 13G/A filing by State Street Corporation?
This SC 13G/A filing is an amendment to a Schedule 13G, indicating an update to State Street Corporation's passive ownership stake in Fulton Financial Corp's common stock as of December 31, 2023, as required by Rule 13d-1(b).
Which company is the subject of this filing, and what is its CUSIP number?
The subject company is FULTON FINANCIAL CORP, and the CUSIP number for its common stock is 360271100.
When was the event date that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023.
Under which specific rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to 'RULE 13D-1 (B)' on the cover page.
What is the IRS Identification Number for the reporting person, State Street Corporation?
The IRS Identification Number for State Street Corporation, the reporting person, is 04-2456637.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding FULTON FINANCIAL CORP (FULTP).