BlackRock Amends OLD NATIONAL BANCORP Stake, Remains Key Holder
Ticker: ONBPP · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 707179
| Field | Detail |
|---|---|
| Company | Old National Bancorp /In/ (ONBPP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its OLD NATIONAL BANCORP holdings, still a major player.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership of OLD NATIONAL BANCORP /IN/ common stock as of December 31, 2023. This amendment, number 16, shows that BlackRock continues to be a significant institutional holder, which can provide a sense of stability for investors. For shareholders, BlackRock's continued large stake suggests confidence in the company, but any future reduction could signal a shift in institutional sentiment.
Why It Matters
Large institutional ownership by firms like BlackRock can influence stock stability and investor confidence; changes in their holdings are closely watched by the market.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, but this routine update doesn't warrant immediate action. Keep an eye on future filings for significant changes in their stake, which could signal a shift in institutional confidence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- OLD NATIONAL BANCORP /IN/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A amendment
- 680033107 (number) — the CUSIP number for OLD NATIONAL BANCORP common stock
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 stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 16)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is OLD NATIONAL BANCORP /IN/, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OLD NATIONAL BANCORP /IN/' and '(Name of Issuer) OLD NATIONAL BANCORP'.
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 explicitly stated in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of OLD NATIONAL BANCORP is 680033107, as listed under '(CUSIP Number) 680033107'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding OLD NATIONAL BANCORP /IN/ (ONBPP).