BlackRock (NYSE: BLK) discloses 7.0% beneficial stake in Citizens Financial Services (CZFS)
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of common stock of CITIZENS FINANCIAL SERVICES INC. BlackRock reports beneficial ownership of 338,529 shares, representing 7.0% of the outstanding common stock.
BlackRock has sole voting power over 333,434 shares and sole dispositive power over 338,529 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 the company’s outstanding common shares.
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Key Figures
Beneficial ownership: 338,529 shares
Ownership percentage: 7.0%
Sole voting power: 333,434 shares
+3 more
6 metrics
Beneficial ownership
338,529 shares
Common stock of CITIZENS FINANCIAL SERVICES INC reported by BlackRock, Inc.
Ownership percentage
7.0%
Percent of CITIZENS FINANCIAL SERVICES INC common stock class held by BlackRock
Sole voting power
333,434 shares
Shares over which BlackRock has sole power to vote or direct the vote
Shared voting power
0
Shares over which BlackRock has shared power to vote or direct the vote
Sole dispositive power
338,529 shares
Shares over which BlackRock has sole power to dispose or direct disposition
Shared dispositive power
0
Shares over which BlackRock has shared power to dispose or direct disposition
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, parent holding company, +1 more
5 terms
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
"5 | Sole Voting Power 333,434.00 6 | Shared Voting Power 0.00"
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
"7 | Sole Dispositive Power 338,529.00 8 | Shared Dispositive Power 0.00"
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.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G), so indicate"
Power of Attorney regulatory
"Exhibit 24: Power of Attorney Exhibit 99: Item 7"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of CITIZENS FINANCIAL SERVICES INC (CZFS) does BlackRock now report owning?
BlackRock reports beneficial ownership of 7.0% of CITIZENS FINANCIAL SERVICES INC’s common stock. This corresponds to 338,529 shares as disclosed, making BlackRock a significant institutional holder above the five percent reporting threshold.
What dispositive power does BlackRock have over its CZFS position?
BlackRock has sole dispositive power over 338,529 CITIZENS FINANCIAL SERVICES INC shares and no shared dispositive power. Sole dispositive power means it can decide to sell or otherwise dispose of those shares for the relevant client accounts.
Do any BlackRock clients individually own more than 5% of CZFS?
No. The filing states that various persons have rights to dividends or sale proceeds, but no one person’s interest in CITIZENS FINANCIAL SERVICES INC common stock exceeds five percent of the total outstanding common shares.
Who signed the amended CZFS ownership report for BlackRock (CZFS)?
The filing is signed by Spencer Fleming, Managing Director at BlackRock, Inc. The signature is provided under a Power of Attorney referenced as Exhibit 24, authorizing execution of the ownership report.