State Street Corp Maintains Passive Stake in Regions Financial
Ticker: RF-PF · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1281761
| Field | Detail |
|---|---|
| Company | Regions Financial Corp (RF-PF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, passive-investment
TL;DR
**State Street still owns a big chunk of Regions Financial, but they're just holding, not trying to take over.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of Regions Financial Corp's common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant passive stake in Regions Financial, which is important for investors as it shows a large institutional investor's continued confidence in the company without seeking to influence management.
Why It Matters
This filing confirms State Street's ongoing, substantial, yet passive investment in Regions Financial, signaling institutional confidence without any intent to change company operations.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment, posing minimal risk to current or prospective shareholders.
Analyst Insight
Investors should note that a major institutional investor like State Street continues to hold a significant stake in Regions Financial, which can be seen as a vote of confidence, but this filing doesn't suggest any immediate catalysts or changes in company direction.
Key Numbers
- 0001281761 — Central Index Key (CIK) (CIK for Regions Financial Corp)
- 0000093751 — Central Index Key (CIK) (CIK for State Street Corporation)
- 005-83626 — SEC File Number (SEC file number for Regions Financial Corp)
- 24577929 — Film Number (SEC film number for the filing)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Regions Financial Corp (company) — the subject company whose common stock is being reported
- 0000093751-24-000478 (dollar_amount) — accession number for the filing
- 7591EP100 (dollar_amount) — CUSIP number for Regions Financial Corp common stock
- December 31, 2023 (date) — date of event requiring the filing
- January 30, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in Regions Financial Corp for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-12-31
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by an institutional investor (like State Street Corporation) to report beneficial ownership of 5% or more of a company's (Regions Financial Corp) stock, indicating a passive investment intent as of December 31, 2023.
Who is the reporting person in this SC 13G/A filing?
The reporting person is State Street Corporation, with an I.R.S. Identification No. of 04-2456637, as stated on page 2 of 5 of the filing.
What is the subject company whose securities are being reported?
The subject company is REGIONS FINANCIAL CORP, whose common stock is the title of the class of securities, as indicated on page 1 of 5 of the filing.
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 on page 1 of 5 of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box on page 1 of 5 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding REGIONS FINANCIAL CORP (RF-PF).