State Street Corp Amends Cullen/Frost Bankers Stake Filing
Ticker: CFR-PB · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 39263
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns a chunk of Cullen/Frost, 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 Cullen/Frost Bankers Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, stake in Cullen/Frost Bankers. This matters to investors because State Street's large holding suggests institutional confidence in Cullen/Frost, but any future changes in their position could influence the stock price.
Why It Matters
This filing confirms State Street's ongoing passive investment in Cullen/Frost Bankers, signaling continued institutional interest in the bank's stock.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note State Street's continued passive stake as a sign of institutional confidence, but this filing alone doesn't suggest any immediate buying or selling action. It's a routine update.
Key Players & Entities
- State Street Corp (company) — the reporting person and institutional investor
- CULLEN/FROST BANKERS, INC. (company) — the subject company whose stock is being reported
- January 24, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
- 229899109 (number) — the CUSIP number for Cullen/Frost Bankers Inc. common stock
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 'AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORP, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What is the subject company whose securities are being reported?
The subject company is CULLEN/FROST BANKERS, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CULLEN/FROST BANKERS, INC.'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Cullen/Frost Bankers Inc. is 229899109, as listed under 'CUSIP NUMBER: 229899109'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified under '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding CULLEN/FROST BANKERS, INC. (CFR-PB).