BlackRock Amends United Bankshares Stake (SC 13G/A)
Ticker: UBSI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 729986
| Field | Detail |
|---|---|
| Company | United Bankshares Inc/Wv (UBSI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, bank-stock
TL;DR
**BlackRock just updated its stake in United Bankshares; watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of UNITED BANKSHARES INC/WV's Common Stock as of December 31, 2023. This amendment, the 15th for BlackRock, shows their continued significant, though potentially adjusted, stake in the bank. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding United Bankshares, potentially influencing other investors.
Why It Matters
Large institutional investor BlackRock updating its stake in UNITED BANKSHARES INC/WV can influence market perception and potentially the stock price, as it signals their current view on the company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not inherently signal high risk, though changes in ownership can have minor market impacts.
Analyst Insight
An investor should monitor subsequent filings from BlackRock or other major institutions for UNITED BANKSHARES INC/WV to identify any significant trends in institutional ownership, which could signal a shift in market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- UNITED BANKSHARES INC/WV (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
- 909907107 (number) — the CUSIP number for UNITED BANKSHARES INC/WV 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, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 15)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
Which company's securities are the subject of this filing?
The subject company is UNITED BANKSHARES INC/WV, as stated under 'Name of Issuer) UNITED BANKSHARES INC' and 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANKSHARES INC/WV'.
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 in the filing.
How many amendments has BlackRock Inc. filed for this particular Schedule 13G?
This is the 15th amendment, as indicated by '(Amendment No: 15)' on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding UNITED BANKSHARES INC/WV (UBSI).