State Street Amends First Horizon Stake; Signals Portfolio Shift
Ticker: FHN-PH · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 36966
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, bank-holdings
TL;DR
**State Street just updated its First Horizon stake, watch for market reaction!**
AI Summary
State Street Corp filed an amended SC 13G/A on January 24, 2024, indicating its ownership of First Horizon Corp's common stock as of December 31, 2023. This filing is an amendment, suggesting a change in their previously reported holdings. For investors, this matters because State Street is a major institutional investor, and changes in its stake can signal shifts in confidence or strategy regarding First Horizon Corp.
Why It Matters
Large institutional investors like State Street Corp adjusting their holdings can influence market sentiment and potentially impact First Horizon Corp's stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently signal high risk, though changes in ownership can have market implications.
Analyst Insight
Investors should monitor subsequent filings from State Street Corp to understand the magnitude and direction of their ownership changes in First Horizon Corp, as this could indicate a shift in institutional confidence.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- First Horizon Corp (company) — the issuer of the common stock 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 amended Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'AMENDED FILING'.
Who is the subject company of this filing?
The subject company, or issuer, is FIRST HORIZON CORP, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST HORIZON CORP'.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is STATE STREET CORP, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the common stock of First Horizon Corp is 320517105, as listed under 'CUSIP NUMBER: 320517105'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified by 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 12/31/2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding FIRST HORIZON CORP (FHN-PH).