BlackRock Amends First Horizon Stake: Passive Investment Update
Ticker: FHN-PH · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 36966
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, banking
Related Tickers: FHN
TL;DR
**BlackRock updated its passive stake in First Horizon, signaling a minor portfolio adjustment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of First Horizon Corp (FHN) common stock as of December 31, 2023. This filing, Amendment No. 15, updates their previous disclosures regarding their passive investment in the bank. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence in the company's future performance.
Why It Matters
This filing shows BlackRock's updated passive ownership in First Horizon Corp, which can influence investor sentiment and potentially the stock's trading volume.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in First Horizon Corp, but this routine amendment doesn't suggest a need for immediate action. It's a data point for long-term holders.
Key Players & Entities
- BlackRock Inc. (company) — filer of the SC 13G/A, a major institutional investor
- First Horizon Corp (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 24, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 15 (number) — the specific amendment number of this filing
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 indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are the subject of this filing?
The subject company is FIRST HORIZON CORP, as indicated by '(Name of Issuer) FIRST HORIZON CORP' and 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST HORIZON CORP'.
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, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.
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).