BlackRock (CHMG) discloses 5.3% Chemung Financial ownership in Schedule 13G
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of common stock of Chemung Financial Corp on a Schedule 13G. BlackRock and certain of its business units collectively beneficially own 254,371 shares, representing 5.3% of Chemung Financial’s outstanding common stock.
BlackRock reports sole voting power250,055 shares and sole dispositive power254,371 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends and sale proceeds, but no single client holds more than five percent of Chemung Financial’s total outstanding common shares.
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Key Figures
Beneficially owned shares: 254,371 shares
Percent of class: 5.3%
Sole voting power: 250,055 shares
+4 more
7 metrics
Beneficially owned shares
254,371 shares
Common stock of Chemung Financial Corp reported by BlackRock
Percent of class
5.3%
Portion of Chemung Financial common stock beneficially owned by BlackRock
Sole voting power
250,055 shares
Shares for which BlackRock has sole power to vote or direct the vote
Shared voting power
0 shares
Shares with shared power to vote reported by BlackRock
Sole dispositive power
254,371 shares
Shares for which BlackRock has sole power to dispose or direct disposition
Shared dispositive power
0 shares
Shares with shared dispositive power reported by BlackRock
CUSIP
164024101
Identifier for Chemung Financial Corp common stock
Key Terms
Schedule 13G, beneficially owned, sole voting power, sole dispositive power, +1 more
5 terms
Schedule 13G regulatory
"BlackRock, Inc. reports beneficial ownership of common stock on a Schedule 13G."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 250,055.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 254,371.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
disaggregated regulatory
"beneficial ownership of securities are disaggregated from that of the Reporting Business Units"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who ultimately benefits from BlackRock’s Chemung Financial Corp (CHMG) holdings?
The filing states that various persons have rights to receive dividends or sale proceeds from Chemung Financial shares managed by BlackRock, but no single person’s interest exceeds five percent of total outstanding common shares.
Is BlackRock’s CHMG stake reported on behalf of all its business units?
No. The Schedule 13G covers securities beneficially owned by specified Reporting Business Units of BlackRock and its affiliates, and excludes other business units whose ownership is disaggregated under SEC Release No. 34-39538.
What class of Chemung Financial Corp (CHMG) securities does BlackRock’s Schedule 13G cover?
The Schedule 13G relates to Common Stock of Chemung Financial Corp, identified by CUSIP 164024101, with BlackRock reporting beneficial ownership and voting and dispositive powers over these shares.