BlackRock Amends Victoria's Secret (VSCO) Stake Disclosure
Ticker: VSCO · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: VSCO
TL;DR
**BlackRock still holds VSCO, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Victoria's Secret & Co. (VSCO) as of December 31, 2023. This filing, Amendment No. 3, indicates that BlackRock continues to be a significant institutional holder, which matters to investors because large institutional ownership can signal confidence in the company's long-term prospects and potentially reduce stock price volatility.
Why It Matters
This filing confirms BlackRock's continued substantial institutional ownership in Victoria's Secret, which can be a positive signal for current and prospective investors, indicating a major player sees value in the company.
Risk Assessment
Risk Level: low — This is a routine update from a major institutional investor and does not indicate any immediate negative or positive risk to the stock.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this routine update doesn't warrant immediate action. It's a data point for long-term sentiment analysis.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Victoria's Secret & Co. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 3, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as identified under '(1)Names of reporting persons. BlackRock, I' and in the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is Victoria's Secret & Co., as stated under '(Name of Issuer)' and in the 'SUBJECT COMPANY' data section.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Victoria's Secret & Co. is 926400102, as listed in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-001345 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001345 Filing Date 2024-01-23 Accepted 2024-01-23 11:52:26 Documents 1 Document Format Files Seq Description Document Type Size 1 us9264001028_012324.txt SC 13G/A 11702 Complete submission text file 0001086364-24-001345.txt 13571 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 4 LIMITED PARKWAY EAST REYNOLDSBURG OH 43068 Business Address 4 LIMITED PARKWAY EAST REYNOLDSBURG OH 43068 614-577-7000 Victorias Secret & Co. (Subject) CIK : 0001856437 (see all company filings) EIN. : 311228823 | Fiscal Year End: 0203 Type: SC 13G/A | Act: 34 | File No.: 005-93126 | Film No.: 24551294 SIC : 5621 Retail-Women's Clothing Stores (CF Office: 07 Trade & Services)