State Street Corp Updates Passive Stake in Lumen Technologies
Ticker: LUMN · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 18926
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Lumen stock, no big changes here.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Lumen Technologies Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued passive investment in Lumen Technologies. This matters to investors as it shows a large institutional holder maintains its position, potentially signaling confidence in the stock, or at least no significant negative change in their outlook.
Why It Matters
This filing confirms State Street Corp's ongoing passive investment in Lumen Technologies, providing transparency into significant institutional ownership and its stability.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not signal any immediate risk or opportunity.
Analyst Insight
A smart investor would note State Street's continued passive holding in Lumen Technologies but would not make investment decisions based solely on this routine update. Further research into Lumen's financials and market position would be prudent.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- Lumen Technologies, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 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, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the subject company of this filing?
The subject company is Lumen Technologies, Inc., as indicated by 'NAME OF ISSUER: LUMEN TECHNOLOGIES INC' in the filing.
Who filed this SC 13G/A?
This SC 13G/A was filed by State Street Corp, as detailed under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP' section.
What is the CUSIP number for the securities reported?
The CUSIP number for the common stock of Lumen Technologies Inc. is 550241103, as specified in the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated in the 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Lumen Technologies, Inc. (LUMN).