BlackRock Amends Westpac Banking Corp Stake (Amendment No. 6)
Ticker: WBKCY · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 719245
| Field | Detail |
|---|---|
| Company | Westpac Banking Corp (WBKCY) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Westpac stock, signaling institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on February 2, 2024, indicating its ownership of Common Stock in WESTPAC BANKING CORP as of December 31, 2023. This filing, Amendment No. 6, updates previous disclosures, showing BlackRock continues to be a significant institutional holder in Westpac. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects, potentially influencing stock stability and investor sentiment.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Westpac Banking Corp, which can be a positive signal for other investors regarding the stock's stability and perceived value.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or positive financial risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in WESTPAC BANKING CORP, which can be a factor in assessing institutional confidence, but this filing alone doesn't warrant immediate action.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- WESTPAC BANKING CORP (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 6 (number) — the specific amendment number of 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, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 6)' 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' section.
What is the name of the issuer whose securities are being reported?
The issuer is WESTPAC BANKING CORP, as stated under '(Name of Issuer) WESTPAC BANKING CORP' and in the 'SUBJECT COMPANY' section.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the SEDOL Number for the class of securities reported?
The SEDOL Number for the Common Stock of WESTPAC BANKING CORP is B01D654, as listed under '(SEDOL Number) B01D654'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 2, 2024 regarding WESTPAC BANKING CORP (WBKCY).