BlackRock Amends FNB Corp. Stake, Signals Passive Investment Update

Ticker: FNB · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock updated its FNB Corp. stake, it's a passive move.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership of FNB Corporation's Common Stock as of December 31, 2023. This amendment, number 17, updates previous disclosures regarding BlackRock's passive investment in FNB Corp. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding FNB Corp., potentially influencing other investors.

Why It Matters

This filing shows BlackRock's updated, passive ownership stake in FNB Corp., which can influence market perception and investor confidence in the stock.

Risk Assessment

Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive stake, which typically carries low risk.

Analyst Insight

Investors should note that BlackRock's updated stake is a passive investment, meaning they are not seeking to influence FNB Corp.'s management. This filing primarily serves as an update on institutional ownership rather than a signal for immediate action.

Key Players & Entities

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 Under the Securities Exchange Act of 1934 (Amendment No: 17)' sections.

Who is the filer of this SC 13G/A?

The filer of this SC 13G/A is BlackRock Inc., as indicated under 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 FNB CORPORATION, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FNB CORP/PA/' and 'FNB CORPORATION (Name of Issuer)'.

What was the date of the event that triggered this filing?

The date of the event which requires this filing was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox in the filing.

From the Filing

EDGAR Filing Documents for 0001086364-24-001742 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. 0001086364-24-001742 Filing Date 2024-01-23 Accepted 2024-01-23 16:13:59 Documents 1 Document Format Files Seq Description Document Type Size 1 us3025201019_012324.txt SC 13G/A 11880 Complete submission text file 0001086364-24-001742.txt 14021 Mailing Address F.N.B. CORPORATION ONE NORTH SHORE CENTER, 12 FEDERAL ST. PITTSBURGH PA 15212 Business Address F.N.B. CORPORATION ONE NORTH SHORE CENTER, 12 FEDERAL ST. PITTSBURGH PA 15212 800-555-5455 FNB CORP/PA/ (Subject) CIK : 0000037808 (see all company filings) EIN. : 251255406 | State of Incorp.: PA | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-61071 | Film No.: 24552764 SIC : 6021 National Commercial Banks (CF Office: 02 Finance) 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)

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