UBS Group AG Cuts Empire State Realty Trust Stake to 4.9%
Ticker: UBS · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1610520
| Field | Detail |
|---|---|
| Company | Ubs Group Ag (UBS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-change, real-estate
TL;DR
**UBS Group AG just trimmed its stake in Empire State Realty Trust to 4.9%.**
AI Summary
UBS Group AG, a major financial institution, filed an amended Schedule 13G/A on February 5, 2024, indicating a change in its beneficial ownership of Empire State Realty Trust Inc.'s Class A Common Stock. The filing, triggered by an event on December 29, 2023, shows that UBS Group AG now beneficially owns 4,999,999 shares, representing 4.9% of the company's outstanding stock. This matters to investors because it signals that a significant institutional holder has reduced its stake below the 5% threshold, which could be interpreted as a slight decrease in institutional confidence or a portfolio rebalancing.
Why It Matters
This filing shows a large institutional investor, UBS Group AG, has reduced its stake in Empire State Realty Trust Inc. below 5%, which could influence other investors' perceptions of the stock.
Risk Assessment
Risk Level: low — The change in ownership is a minor adjustment by a large institution and does not indicate a significant threat to the company.
Analyst Insight
An investor might consider this a minor portfolio adjustment by UBS Group AG, but it's worth monitoring future institutional ownership changes for Empire State Realty Trust Inc. to gauge broader sentiment.
Key Numbers
- 4,999,999 — Shares Beneficially Owned (Represents the total number of Class A Common Stock shares UBS Group AG now beneficially owns in Empire State Realty Trust Inc.)
- 4.9% — Percentage of Class (Indicates UBS Group AG's current ownership percentage of Empire State Realty Trust Inc.'s Class A Common Stock, falling below the 5% threshold.)
Key Players & Entities
- UBS Group AG (company) — the reporting person who filed the SC 13G/A
- Empire State Realty Trust, Inc. (company) — the issuer of the Class A Common Stock
- 4,999,999 (dollar_amount) — the number of shares beneficially owned by UBS Group AG
- 4.9% (dollar_amount) — the percentage of Class A Common Stock beneficially owned by UBS Group AG
- December 29, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Other institutional investors may re-evaluate their positions in Empire State Realty Trust Inc. following UBS Group AG's reduced stake. (Empire State Realty Trust Inc.) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing by UBS Group AG?
This SC 13G/A filing is an amendment (Amendment No.1) to a previous Schedule 13G, indicating a change in UBS Group AG's beneficial ownership of Empire State Realty Trust Inc.'s Class A Common Stock, specifically that their stake has fallen below 5%.
Which company's stock is the subject of this filing?
The subject company is Empire State Realty Trust Inc., and the filing concerns its Class A Common Stock, par value $0.01 per share, with CUSIP Number 292104106.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
How many shares of Empire State Realty Trust Inc. does UBS Group AG now beneficially own, and what percentage does that represent?
UBS Group AG directly and on behalf of certain subsidiaries now beneficially owns 4,999,999 shares of Empire State Realty Trust Inc.'s Class A Common Stock, which represents 4.9% of the class.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the '/X/' mark next to Rule 13d-1(b).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 5, 2024 regarding UBS Group AG (UBS).