BlackRock Amends Hope Bancorp Stake, Updates Holdings as of Dec 31
Ticker: HOPE · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1128361
| Field | Detail |
|---|---|
| Company | Hope Bancorp Inc (HOPE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, passive-investing
TL;DR
**BlackRock just updated its stake in Hope Bancorp, showing its holdings as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of HOPE BANCORP INC's Common Stock as of December 31, 2023. This filing, an amendment (No. 2), updates their previous disclosures regarding their stake in the national commercial bank. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in HOPE BANCORP INC, providing transparency on a significant institutional investor's stake, which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently signal high risk for the company.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, continues to hold a position in HOPE BANCORP INC. While this filing doesn't reveal the exact percentage or change in shares, it confirms their ongoing interest as of year-end 2023. Smart investors might look for the full Schedule 13G to see the specific ownership percentage and compare it to previous filings to understand if BlackRock increased or decreased its stake, which could inform their own investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- HOPE BANCORP INC (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the SC 13G/A was filed
- 0001128361 (number) — HOPE BANCORP INC's Central Index Key (CIK)
- 0001364742 (number) — BlackRock Inc.'s Central Index Key (CIK)
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 2)' sections.
Who is the 'subject company' whose securities are being reported in this filing?
The subject company is HOPE BANCORP INC, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOPE BANCORP INC'.
Who is the 'reporting person' or entity that filed this SC 13G/A?
The reporting entity that filed this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly mentioned in the filing.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Common Stock of HOPE BANCORP INC is 43940T109, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding HOPE BANCORP INC (HOPE).