BlackRock Amends ICF International Stake, Signals Portfolio Shift
Ticker: ICFI · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1362004
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its ICF International stake, watch for potential ripple effects.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating a change in its ownership stake in ICF International, Inc. as of December 31, 2023. This amendment, number 12, updates BlackRock's passive investment position in ICF International's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding ICF International, potentially influencing other investors' perceptions of the stock.
Why It Matters
This filing shows BlackRock, a massive investment firm, has adjusted its passive ownership in ICF International, which could subtly influence market sentiment and other institutional investors' decisions.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate, significant risk to the company or its stock.
Analyst Insight
An investor should note BlackRock's continued, albeit adjusted, passive stake in ICF International, Inc. as a data point, but not necessarily as a direct buy or sell signal, given the passive nature of the filing.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- ICF International, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 12 (number) — the specific amendment number to the Schedule 13G
Forward-Looking Statements
- BlackRock will continue to be a significant passive institutional holder of ICF International, Inc. common stock. (BlackRock, Inc.) — high confidence, target: December 31, 2024
- The market will likely view BlackRock's continued passive ownership as a sign of stability for ICF International, Inc. (ICF International, Inc.) — medium confidence, target: June 30, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No: 12.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., identified by CIK 0001364742.
Which company's securities are the subject of this filing?
The subject company is ICF International, Inc., identified by CIK 0001362004, and the securities are 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 on the cover page of the Schedule 13G.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the checked box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding ICF International, Inc. (ICFI).