State Street Corp. Amends United Bankshares Stake Filing
Ticker: UBSI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 729986
| Field | Detail |
|---|---|
| Company | United Bankshares Inc/Wv (UBSI) |
| 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 still owns a big chunk of United Bankshares, but it's just a passive investment.**
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, though passive, stake in the company as of January 31, 2024. For investors, this means a large institutional investor maintains confidence in United Bankshares, which can be a positive signal, but it doesn't suggest any active management changes or hostile takeover attempts.
Why It Matters
This filing confirms State Street Corporation's ongoing substantial, passive investment in United Bankshares Inc/WV, signaling institutional confidence without implying any strategic shifts.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks or significant changes for the company or its shareholders.
Analyst Insight
A smart investor would note State Street's continued passive stake as a sign of institutional confidence in United Bankshares Inc/WV, but recognize this filing doesn't signal any new strategic moves or immediate catalysts for the stock.
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
- 04-2456637 (dollar_amount) — State Street Corporation's IRS Identification Number
- January 31, 2024 (date) — the date of the event requiring the 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 indicated by 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' in the document.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under '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 identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANKSHARES INC/WV'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of United Bankshares Inc/WV is 909907107, as stated in the filing under '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 UNITED BANKSHARES INC/WV (UBSI).