BlackRock Trims HOME BANCSHARES Stake to 6.5%
Ticker: HOMB · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1331520
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**BlackRock cut its stake in HOME BANCSHARES to 6.5%, a slight dip from prior holdings.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in HOME BANCSHARES INC. As of December 31, 2023, BlackRock reported beneficial ownership of 10,774,904 shares of Common Stock, representing 6.5% of the company. This is an update to their previous filing, showing a slight decrease in their percentage ownership from 6.6% reported in their last filing, which matters to investors as it signals a minor reduction in a major institutional investor's conviction in the stock.
Why It Matters
This filing shows that a major institutional investor, BlackRock, has slightly reduced its stake in HOME BANCSHARES INC., which could be interpreted as a minor shift in their investment strategy or outlook for the company.
Risk Assessment
Risk Level: low — A minor adjustment by an institutional investor typically poses a low risk to the average shareholder, as it doesn't indicate a major sell-off or significant change in company fundamentals.
Analyst Insight
Investors should note that a major institutional holder like BlackRock has slightly reduced its position, which might warrant a closer look at HOME BANCSHARES INC's recent performance or upcoming earnings, but it's not a strong signal for immediate action given the minor change.
Key Numbers
- 10,774,904 — Shares Beneficially Owned (This is the total number of Common Stock shares of HOME BANCSHARES INC that BlackRock Inc. beneficially owns as of December 31, 2023.)
- 6.5% — Percentage of Class (This represents BlackRock Inc.'s ownership percentage of HOME BANCSHARES INC's Common Stock, indicating a slight decrease from previous filings.)
- December 31, 2023 — Reporting Date (This is the effective date for the ownership data reported in the filing, providing a snapshot of BlackRock's holdings at year-end.)
- January 24, 2024 — Filing Date (This is the date the SC 13G/A amendment was filed with the SEC, making the updated ownership information public.)
- 16 — Amendment Number (This indicates that this is the 16th amendment to BlackRock's Schedule 13G filing for HOME BANCSHARES INC, showing a history of adjustments.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- HOME BANCSHARES INC (company) — the subject company in which shares are held
- 10,774,904 shares (dollar_amount) — the total number of shares beneficially owned by BlackRock
- 6.5% (dollar_amount) — the percentage of the class of securities beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock's ownership percentage in HOME BANCSHARES INC will remain relatively stable or see minor adjustments in future filings. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the primary purpose of this SC 13G/A filing by BlackRock Inc.?
The primary purpose of this SC 13G/A filing is to amend BlackRock Inc.'s previous Schedule 13G filing, reporting an updated beneficial ownership stake in HOME BANCSHARES INC as of December 31, 2023, specifically noting a change in their percentage ownership.
How many shares of HOME BANCSHARES INC Common Stock does BlackRock Inc. beneficially own according to this filing?
According to this filing, BlackRock Inc. beneficially owns 10,774,904 shares of HOME BANCSHARES INC Common Stock as of December 31, 2023.
What percentage of HOME BANCSHARES INC's Common Stock does BlackRock Inc. now own?
BlackRock Inc. now owns 6.5% of HOME BANCSHARES INC's Common Stock, as reported in this SC 13G/A filing.
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, which is the date the ownership data was recorded.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding HOME BANCSHARES INC (HOMB).