State Street Corp Updates IBM Stake; Passive Holding Confirmed
Ticker: IBM · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 51143
| Field | Detail |
|---|---|
| Company | International Business Machines Corp (IBM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: IBM
TL;DR
**State Street still owns a big chunk of IBM, but they're not trying to take over.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of International Business Machines Corp (IBM) common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, stake in IBM. This matters to investors because State Street's large holding suggests institutional confidence in IBM, but any future changes in their position could influence stock price due to the sheer volume of shares they manage.
Why It Matters
This filing confirms a major institutional investor's continued significant, but passive, ownership in IBM, signaling their long-term confidence without seeking control.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor, indicating no immediate threat or major change in company control.
Analyst Insight
Investors should note that a major institutional holder like State Street maintains a passive stake in IBM, suggesting stability in their long-term view, but this filing alone doesn't provide new catalysts for price movement.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- International Business Machines Corp (company) — the issuer of the common stock
- 04-2456637 (number) — State Street Corporation's IRS Identification No.
- 459200101 (number) — the CUSIP number for IBM common stock
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that State Street Corporation is updating its previous disclosure regarding its beneficial ownership of International Business Machines Corp's common stock, indicating a passive investment position.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with IRS Identification No. 04-2456637, as stated on Page 2 of 5 of the filing.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is International Business Machines Corp, as clearly stated in the filing's title and body.
What is the CUSIP number for the securities reported?
The CUSIP number for the common stock of International Business Machines Corp is 459200101, as listed on the cover page and Page 2 of 5 of the filing.
What was the 'date of event' that required this filing?
The 'date of event which requires filing of this statement' was December 31, 2023, as specified on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding INTERNATIONAL BUSINESS MACHINES CORP (IBM).