BlackRock Amends IBM Stake, Maintains Passive Position
Ticker: IBM · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 51143
| Field | Detail |
|---|---|
| Company | International Business Machines Corp (IBM) |
| 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
Related Tickers: IBM
TL;DR
**BlackRock still owns a big chunk of IBM, signaling long-term confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of International Business Machines Corporation (IBM) common stock as of December 31, 2023. This filing, Amendment No. 9, updates their previous disclosures, confirming their continued significant, but passive, stake in IBM. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in IBM's long-term prospects, potentially influencing other investors' perceptions of the stock.
Why It Matters
BlackRock's continued significant ownership in IBM signals institutional confidence, which can positively influence market sentiment and investor perception of IBM's stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in strategy.
Analyst Insight
An investor should view this as a routine update from a major institutional holder, confirming their ongoing, passive investment in IBM. It doesn't signal an immediate buy or sell, but rather reinforces the idea that large institutions see IBM as a stable, long-term holding.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- International Business Machines Corporation (company) — the subject company whose 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
- Amendment No: 9 (number) — the specific amendment number for this filing
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 stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 9)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA' section.
What is the subject company whose securities are being reported?
The subject company is International Business Machines Corporation (IBM), identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP' and 'INTERNATIONAL BUSINESS MACHINES CORPORATION (Name of Issuer)'.
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 indicated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding INTERNATIONAL BUSINESS MACHINES CORP (IBM).