State Street Amends United Bankshares Stake Filing
Ticker: STT-PG · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 93751
| Field | Detail |
|---|---|
| Company | State Street Corp (STT-PG) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its passive stake in United Bankshares, confirming its continued significant holding.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on February 12, 2024, indicating its ownership of Common Stock in United Bankshares Inc/WV. This filing updates their previous disclosure, showing their continued significant, but passive, stake in United Bankshares as of January 31, 2024. This matters to investors because State Street's position as a large institutional holder can influence market perception and stability for United Bankshares stock.
Why It Matters
This filing confirms State Street Corporation's ongoing substantial, passive investment in United Bankshares Inc/WV, signaling institutional confidence without intent to control the company. It's important for investors to know who the major shareholders are, as large institutional holdings can provide a degree of stability and legitimacy to a stock.
Risk Assessment
Risk Level: low — This filing is an update on a passive investment by a large institution, indicating no immediate change in control or strategy for the subject company.
Analyst Insight
An investor should note that State Street Corporation maintains a passive, significant stake in United Bankshares Inc/WV. This indicates institutional confidence but no intent for active management or a takeover. It's a data point for understanding the institutional ownership landscape of United Bankshares, rather than a signal for immediate action.
Key Players & Entities
- STATE STREET CORPORATION (company) — the reporting person and institutional investor
- UNITED BANKSHARES INC/WV (company) — the subject company whose securities are being reported
- 01/31/2024 (date) — the date of the event requiring the filing
- 0000093751-24-000482 (number) — the accession number for this specific filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly identified under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP' and '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is UNITED BANKSHARES INC/WV, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANKSHARES INC/WV' and 'UNITED BANKSHARES INC/WV (NAME OF ISSUER)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of United Bankshares Inc/WV is 909907107, as stated under 'CUSIP NUMBER: 909907107' and 'CUSIP NO:909907107'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was January 31, 2024, as specified under '01/31/2024 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding STATE STREET CORP (STT-PG).