SCHEDULE 13G/A: BlackRock Amends First Citizens BancShares Stake, Reports 4.5% Passive Ownership
Beneficial Ownership Filing
BlackRock, Inc. has filed an Amendment No. 6 to its Schedule 13G, disclosing a 4.5% beneficial ownership stake in First Citizens BancShares, Inc.'s Class A Stock as of June 30, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 555,568 shares of First Citizens BancShares, Inc. Class A Stock.
- This aggregate amount represents 4.5% of the Class A Stock outstanding.
- BlackRock holds sole voting power over 499,763 shares and sole dispositive power over 555,568 shares.
- The filing is an Amendment No. 6 to a Schedule 13G, indicating a passive investment not intended to change or influence control of the issuer.
- The event date requiring this filing is stated as June 30, 2025, with the filing signed on July 17, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing passive beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of First Citizens BancShares, Inc.
Industry Context
Schedule 13G filings are routine disclosures by large institutional investors, such as BlackRock, to report passive beneficial ownership stakes typically below 5% (or 10% for certain filers) in publicly traded companies. This filing indicates BlackRock's continued investment in First Citizens BancShares, Inc. without seeking active control or influence.
Stakeholder Impact
- The filing indicates BlackRock's continued passive investment in First Citizens BancShares, Inc., which generally has a neutral impact on shareholders, employees, customers, suppliers, and creditors as it does not signal a change in corporate control or strategy.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-06-30 | Date of event requiring the filing of this Schedule 13G. |
| 2025-07-17 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Keywords
BlackRock, First Citizens BancShares, Schedule 13G, Beneficial Ownership, Class A Stock, Institutional Investor, Passive Investment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.