State Street Amends FIRST BANCORP /PR/ Common Stock Holdings
Ticker: FBP · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amended-filing, common-stock
TL;DR
**State Street updated its stake in First BanCorp, signaling a potential shift in institutional sentiment.**
AI Summary
State Street Corporation filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Common Stock in FIRST BANCORP /PR/ as of December 31, 2023. This filing is an amendment to a previous disclosure, signaling a potential change in their beneficial ownership percentage, though the exact new percentage isn't detailed in this snippet. For investors, this matters because State Street is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in FIRST BANCORP /PR/'s future performance.
Why It Matters
Large institutional investors like State Street Corporation often have significant research capabilities, so their buying or selling activity can be seen as a vote of confidence or concern for a company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate significant risk, but rather provides transparency.
Analyst Insight
Investors should look for the full SC 13G/A filing to determine the exact change in State Street's beneficial ownership percentage in FIRST BANCORP /PR/ to gauge institutional sentiment.
Key Numbers
- 12/31/2023 — Date of Event (The date as of which the ownership information is being reported.)
- 0000093751-24-000160 — Accession Number (Unique identifier for this specific SEC filing.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- FIRST BANCORP /PR/ (company) — the subject company whose securities are being reported
- Common Stock (other) — the class of securities held by State Street Corporation
- 04-2456637 (other) — IRS Identification Number for State Street Corporation
- 318672706 (other) — CUSIP Number for FIRST BANCORP /PR/ Common Stock
Forward-Looking Statements
- State Street Corporation's beneficial ownership percentage in FIRST BANCORP /PR/ has changed from its previous filing. (State Street Corporation) — high confidence, target: N/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, specifically designated as an 'AMENDED FILING'.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, with IRS Identification No. 04-2456637.
What is the subject company whose securities are being reported?
The subject company is FIRST BANCORP/PUERTO RICO, also referred to as FIRST BANCORP /PR/.
What is the CUSIP number for the class of securities mentioned?
The CUSIP number for the Common Stock of FIRST BANCORP/PUERTO RICO is 318672706.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was 12/31/2023.
From the Filing
EDGAR Filing Documents for 0000093751-24-000160 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. 0000093751-24-000160 Filing Date 2024-01-24 Accepted 2024-01-24 12:14:59 Documents 1 Document Format Files Seq Description Document Type Size 1 First_BanCorp_PR.txt SC 13G/A 6558 Complete submission text file 0000093751-24-000160.txt 8516 Mailing Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 Business Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 617 786-3000 STATE STREET CORP (Filed by) CIK : 0000093751 (see all company filings) EIN. : 042456637 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6022 State Commercial Banks (CF Office: 02 Finance) Mailing Address 1519 PONCE DE LEON AVE PO BOX 9146 SAN JUAN PR 00908-0146 Business Address 1519 PONCE DE LEON AVE SANTURCE SAN JUAN PR 00908-0146 7877298200 FIRST BANCORP /PR/ (Subject) CIK : 0001057706 (see all company filings) EIN. : 660561882 | State of Incorp.: PR | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-54677 | Film No.: 24555279 SIC : 6022 State Commercial Banks (CF Office: 02 Finance)