American Century Amends First Hawaiian Stake as of Dec 31, 2023
Ticker: FHB · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 36377
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, form-13g
TL;DR
**American Century updated its First Hawaiian stake, showing its position as of year-end 2023.**
AI Summary
American Century Investment Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership of First Hawaiian, Inc. common stock as of December 31, 2023. This filing indicates that American Century Investment Management, Inc. is a significant institutional investor in First Hawaiian, Inc., holding a substantial stake. This matters to investors because large institutional holdings can signal confidence in the company's prospects and influence stock stability, but changes in these holdings can also impact market sentiment and share price.
Why It Matters
This filing updates the public on a major institutional investor's position in First Hawaiian, Inc., which can influence market perception and trading activity.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate high-risk events.
Analyst Insight
Investors should note that American Century Investment Management, Inc. continues to hold a position in First Hawaiian, Inc. as of year-end 2023. While this filing doesn't reveal a change in ownership percentage, it confirms their ongoing institutional interest. Smart investors might monitor future filings for any significant increases or decreases in this stake, as large institutional movements can sometimes precede broader market trends for the stock.
Key Players & Entities
- American Century Investment Management, Inc. (company) — the reporting person and institutional investor
- FIRST HAWAIIAN, INC. (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 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, filed under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is American Century Investment Management, Inc., located at 4500 Main Street, Kansas City, MO 64111.
What is the 'Name of Issuer' for the securities being reported?
The 'Name of Issuer' is FIRST HAWAIIAN, INC., with its business address at 999 Bishop Street, Honolulu, HI 96813.
What is the CUSIP Number for the class of securities reported?
The CUSIP Number for the Common Stock of FIRST HAWAIIAN, INC. is 32051X108.
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.
Filing Stats: 1,326 words · 5 min read · ~4 pages · Grade level 8.7 · Accepted 2024-02-12 12:14:02
Filing Documents
- firsthawaiian13g-a1.htm (SC 13G/A) — 80KB
- image_13.jpg (GRAPHIC) — 0KB
- 0000052388-24-000115.txt ( ) — 82KB
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a 1) American Century Investment Management, Inc. is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). 2) American Century Companies, Inc. is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). 3) Stowers Institute for Medical Research is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).
Ownership
Item 4. Ownership. Reference is made to Items 5-9 and 11 on the cover page of this filing.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following X
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Various persons, including the investment companies and separate institutional investor accounts that American Century Investment Management, Inc. ("ACIM") serves as investment adviser, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that are the subject of this schedule. Except as may be otherwise indicated if this is a joint filing, not more than 5% of the class of securities that is the subject of this schedule is owned by any one client advised by ACIM. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. See attached Exhibit A.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable Page 6 of 8 Pages
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated this 9th day of February, 2024. AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. ("ACIM") AMERICAN CENTURY COMPANIES, INC. ("ACC") By __ s John Pak __________________________ John Pak Senior Vice President, ACIM and ACC STOWERS INSTITUTE FOR MEDICAL RESEARCH, solely in its capacity as control entity of ACC By __ s Richard W. Brown ____________________ Richard W. Brown Chairman SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b). EXHIBIT A This Exhibit has been prepared to identify each subsidiary of American Century Companies, Inc. ("ACC"), which is controlled by the Stowers Institute for Medical Research, that is a beneficial owner of securities that are the subject of this schedule (the "Subject Securities"). American Century Investment Management, Inc. ("ACIM") is a wholly-owned subsidiary of ACC and an investment adviser registered under 203 of the Investment Advisers Act of 1940. SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b) and Rule 13d-1(f) (1) Agreement. Page 7 of 8 Pages EXHIBIT B Each of the undersigned hereby agrees and consents to the execution and joint filing on its behalf by American Century Investment Management, Inc. of this Schedule 13G respecting the beneficial ownership of the securities which are the subject of t