State Street Corp Amends Hancock Whitney Stake Filing
Ticker: HWCPZ · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 750577
| Field | Detail |
|---|---|
| Company | Hancock Whitney CORP (HWCPZ) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street just updated their passive stake in Hancock Whitney, no major changes.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Hancock Whitney Corp's common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, stake in Hancock Whitney. This matters to investors because State Street's large holding suggests institutional confidence in Hancock Whitney, but any future changes in their position could influence stock price due to the sheer volume of shares involved.
Why It Matters
Large institutional ownership by State Street Corporation signals a degree of confidence in Hancock Whitney Corp, which can be a positive indicator for other investors.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership report, indicating no immediate significant change in control or strategy for Hancock Whitney Corp.
Analyst Insight
An investor should note that a major institution like State Street holds a stake, suggesting a baseline level of confidence, but this filing itself doesn't indicate any new strategic moves or significant changes in their position, so no immediate action is warranted based solely on this update.
Key Numbers
- 410120109 — CUSIP Number (identifies Hancock Whitney Corp's common stock)
- 04-245663 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and owner of Hancock Whitney Corp shares
- Hancock Whitney Corp (company) — the subject company whose common stock is being reported
- 0000093751-24-000151 (dollar_amount) — accession number for the filing
- January 24, 2024 (date) — date the SC 13G/A filing was made
- December 31, 2023 (date) — date of the event which required the filing
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in Hancock Whitney Corp. (State Street Corporation) — medium confidence, target: Q1 2025
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to a previously reported passive ownership stake.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified with IRS Identification No. 04-245663.
What is the subject company whose securities are being reported?
The subject company is Hancock Whitney Corp, identified by CUSIP Number 410120109 for its common stock.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13D-1(B), as indicated by the 'X' next to '(X) RULE 13D-1 (B)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding HANCOCK WHITNEY CORP (HWCPZ).