BlackRock Amends VLY Stake, Updates Passive Investment
Ticker: VLYPN · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 714310
| Field | Detail |
|---|---|
| Company | Valley National Bancorp (VLYPN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its VLY holdings, signaling a passive investment change.**
AI Summary
BlackRock, Inc. has filed an amended SC 13G/A, indicating a change in its ownership stake in VALLEY NATIONAL BANCORP as of December 31, 2023. This amendment, the 16th for BlackRock regarding Valley National Bancorp, updates their passive investment position. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence in the stock, potentially influencing other investors and the stock's price.
Why It Matters
Large institutional investor BlackRock updating its stake in Valley National Bancorp can influence market perception and potentially the stock's trading volume and price.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate, significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued passive interest in Valley National Bancorp, but this filing alone doesn't suggest a strong buy or sell signal. It's a routine update from a major institutional holder.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- VALLEY NATIONAL BANCORP (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- 919794107 (number) — the CUSIP number for VALLEY NATIONAL BANCORP Common Stock
- Rule 13d-1(b) (rule) — the rule under which the Schedule 13G is filed, indicating passive investment
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment (indicated by the 'A') to a Schedule 13G. It signifies that BlackRock, Inc., a passive investor, is updating its ownership stake in VALLEY NATIONAL BANCORP as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., identified by Central Index Key 0001364742.
What is the subject company of this filing?
The subject company, or issuer, is VALLEY NATIONAL BANCORP, identified by Central Index Key 0000714310.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which specific rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which typically indicates that the reporting person is an institutional investor holding shares in the ordinary course of business and not with the purpose or effect of changing or influencing control of the issuer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding VALLEY NATIONAL BANCORP (VLYPN).