State Street Corp. Amends KeyCorp Stake Filing
Ticker: KEY-PL · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 91576
| Field | Detail |
|---|---|
| Company | Keycorp /New/ (KEY-PL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street Corp. updated its KeyCorp filing, confirming its passive stake.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, indicating its ownership of KeyCorp /NEW/ common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued passive investment in KeyCorp. For investors, this means a significant institutional holder maintains its position, which can be seen as a vote of confidence in KeyCorp's stability, though the exact percentage of ownership is not detailed in this excerpt.
Why It Matters
This filing confirms State Street Corporation's ongoing passive investment in KeyCorp, signaling continued institutional confidence in the bank's stock.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment, posing minimal direct risk to KeyCorp shareholders.
Analyst Insight
This filing is a routine update from a major institutional investor, confirming their passive stake. It doesn't suggest any immediate action for investors, but rather reinforces the existing institutional interest in KeyCorp. Smart investors would note this as a stable, albeit non-eventful, piece of information.
Key Numbers
- 005-32208 — SEC File Number (identifies KeyCorp's registration with the SEC)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- KeyCorp /NEW/ (company) — the subject company whose securities are being reported
- 0000093751-24-000338 (dollar_amount) — accession number for the filing
- January 29, 2024 (date) — date the SC 13G/A was filed
- December 31, 2023 (date) — date of event requiring the filing
- 493267108 (dollar_amount) — CUSIP number for KeyCorp common stock
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in KeyCorp. (State Street Corporation) — high confidence, target: 2024-12-31
- KeyCorp's stock price will not be significantly impacted by this routine filing. (KeyCorp) — high confidence, target: 2024-02-05
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 beneficial ownership of 5% or more of a company's stock by a passive investor.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, located at 1 Congress Street, Suite 1, Boston, MA 02114, with IRS Identification No. 04-2456637.
Which company's securities are the subject of this filing?
The subject company is KeyCorp /NEW/, a national commercial bank with its business address at 127 Public Sq, Cleveland, OH 44114-1306.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of KeyCorp is 493267108.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding KEYCORP /NEW/ (KEY-PL).