BlackRock Amends Knowles Corp. Stake, Maintains Passive Investment
Ticker: KN · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1587523
| Field | Detail |
|---|---|
| Company | Knowles Corp (KN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of Knowles Corp., signaling passive confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Knowles Corp. common stock as of December 31, 2023. This filing, Amendment No. 5, shows BlackRock's continued significant, but passive, investment in Knowles Corp. This matters to investors because BlackRock is a major institutional investor, and their continued holding signals a degree of confidence in the company's long-term prospects, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock, a global investment giant, remains a significant shareholder in Knowles Corp., which can be seen as a vote of confidence in the company's stability and future outlook.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
An investor should view this as a routine update from a large institutional holder, confirming BlackRock's continued passive investment in Knowles Corp. It doesn't suggest an immediate buy or sell, but rather a stable institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Knowles Corp. (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- 49926D109 (other) — CUSIP number for Knowles Corp. Common Stock
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock Inc., owns a significant stake (over 5%) in a company, and this specific filing is an update to their previous disclosure.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock Inc., a major asset management firm, as stated under 'Names of reporting persons. BlackRock, Inc.' in the filing.
What is the 'issuer' of the securities mentioned in this filing?
The issuer of the securities is Knowles Corporation, as clearly stated under '(Name of Issuer) KNOWLES CORPORATION'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Knowles Corp (KN).