BlackRock Amends Heritage Financial Stake to 6.0%
Ticker: HFWA · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1046025
| Field | Detail |
|---|---|
| Company | Heritage Financial Corp /Wa/ (HFWA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Heritage Financial stake to 6.0%, signaling a potential shift in its investment thesis.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating its ownership in Heritage Financial Corp /WA/ (ticker not provided in filing, but implied by context). As of December 31, 2023, BlackRock reported beneficial ownership of 2,050,000 shares of Common Stock, representing 6.0% of the company's outstanding shares. This is an amendment (No. 13), suggesting a change from previous holdings. This matters to investors because BlackRock is a major institutional investor, and changes in its stake can signal its confidence in Heritage Financial's future performance.
Why It Matters
Large institutional investors like BlackRock adjusting their holdings can influence market perception and stock price, as it reflects their updated view on the company's prospects.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and doesn't inherently indicate a high risk, but rather a change in ownership percentage.
Analyst Insight
An investor should monitor future 13G/A filings from BlackRock to track any further increases or decreases in their stake, as these changes could signal BlackRock's evolving outlook on Heritage Financial Corp /WA/.
Key Numbers
- 2,050,000 — Shares Beneficially Owned (This is the total number of Common Stock shares of Heritage Financial Corp /WA/ that BlackRock Inc. reported owning as of December 31, 2023.)
- 6.0% — Percentage of Class (This represents the percentage of Heritage Financial Corp /WA/'s Common Stock that BlackRock Inc. beneficially owns, indicating a significant institutional stake.)
- 13 — Amendment Number (This filing is the 13th amendment to BlackRock's Schedule 13G for Heritage Financial Corp /WA/, suggesting a history of adjustments to its position.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person, a major institutional investor
- HERITAGE FINANCIAL CORP /WA/ (company) — the subject company in which BlackRock holds shares
- 2,050,000 (dollar_amount) — number of shares beneficially owned by BlackRock
- 6.0% (dollar_amount) — percentage of class beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder in Heritage Financial Corp /WA/. (BlackRock Inc.) — high confidence, target: 2025-01-23
- Heritage Financial Corp /WA/ will likely see continued institutional interest due to BlackRock's substantial stake. (HERITAGE FINANCIAL CORP /WA/) — medium confidence, target: 2024-07-23
FAQ
What is the primary purpose of this SC 13G/A filing by BlackRock Inc.?
The primary purpose of this SC 13G/A filing is for BlackRock Inc. to report its beneficial ownership of 2,050,000 shares, representing 6.0% of the Common Stock of HERITAGE FINANCIAL CORP /WA/, as of December 31, 2023, and to amend its previous filings.
What specific type of securities does BlackRock Inc. own in HERITAGE FINANCIAL CORP /WA/?
BlackRock Inc. owns 'Common Stock' of HERITAGE FINANCIAL CORP /WA/, as stated under the 'Title of Class of Securities' section of the filing.
What was the 'Date of Event Which Requires Filing of this Statement' for this particular amendment?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule of the Securities Exchange Act of 1934 is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' mark in the filing.
What is the CUSIP Number associated with the securities of HERITAGE FINANCIAL CORP /WA/ mentioned in this filing?
The CUSIP Number associated with the Common Stock of HERITAGE FINANCIAL CORP /WA/ is 42722X106, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding HERITAGE FINANCIAL CORP /WA/ (HFWA).