State Street Amends Newell Brands Stake as of Dec 31, 2023
Ticker: NWL · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 814453
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its Newell Brands stake, signaling a change in its passive investment.**
AI Summary
State Street Corp, a major financial institution, filed an amended Schedule 13G/A on January 22, 2024, indicating its ownership of Newell Brands Inc. common stock as of December 31, 2023. This filing is an amendment, suggesting a change in their previously reported holdings. For investors, this matters because State Street is a significant institutional investor, and changes in their position can signal their confidence (or lack thereof) in Newell Brands' future performance, potentially influencing other investors.
Why It Matters
This filing shows State Street Corp's updated passive investment in Newell Brands, providing transparency into a major institutional holder's position and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor, indicating transparency rather than immediate risk.
Analyst Insight
Investors should note that State Street Corp, a large institutional investor, has updated its passive stake in Newell Brands. While this filing doesn't disclose the exact change in share count, it signals an adjustment in their position. Smart investors might monitor subsequent filings or news from Newell Brands for further context on why State Street adjusted its holdings, as large institutional movements can sometimes precede broader market trends.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- NEWELL BRANDS INC. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
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 indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 EXIT FILING'.
Which company is the subject of this filing?
The subject company is NEWELL BRANDS INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEWELL BRANDS INC.'.
Who filed this SC 13G/A?
This SC 13G/A was filed by STATE STREET CORP, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified by '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1(B), as indicated by '(X) RULE 13D-1 (B)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding NEWELL BRANDS INC. (NWL).