State Street Corporation (OCFC) reports 3.87M OceanFirst shares under shared control
Rhea-AI Filing Summary
State Street Corporation reported beneficial ownership of common stock of OceanFirst Financial Corp. State Street and its investment adviser subsidiaries collectively beneficially own 3,869,335 shares of common stock, representing 4% of the class.
State Street reports no sole voting or dispositive power over the shares. It has shared voting power over 647,098 shares and shared dispositive power over 3,869,335 shares through affiliated investment advisers including SSGA Funds Management, Inc. and various State Street Global Advisors entities.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 3,869,335 shares
Percent of class: 4%
Shared voting power: 647,098 shares
+3 more
6 metrics
Beneficial ownership
3,869,335 shares
Common stock of OceanFirst Financial Corp reported as beneficially owned by State Street Corporation
Percent of class
4%
Percentage of OceanFirst Financial Corp common stock class beneficially owned by State Street Corporation
Shared voting power
647,098 shares
Shares of OceanFirst Financial Corp over which State Street reports shared power to vote
Shared dispositive power
3,869,335 shares
Shares of OceanFirst Financial Corp over which State Street reports shared power to dispose
Sole voting power
0 shares
Shares of OceanFirst Financial Corp over which State Street reports sole power to vote
Sole dispositive power
0 shares
Shares of OceanFirst Financial Corp over which State Street reports sole power to dispose
Key Terms
beneficially owned, shared dispositive power, shared voting power, parent holding company, +1 more
5 terms
beneficially owned financial
"Amount beneficially owned: 3869335.00 (b) | Percent of class: 4 %"
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.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
investment company financial
"shareholders of an investment company registered under the Investment Company Act of 1940"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of OceanFirst Financial Corp (OCFC) does State Street Corporation report owning?
State Street Corporation reports beneficial ownership of 4% of OceanFirst Financial Corp’s common stock. This corresponds to 3,869,335 shares reported as beneficially owned on the Schedule 13G.
Which State Street subsidiaries are involved in managing OceanFirst Financial Corp (OCFC) shares?
The filing identifies several investment adviser subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd..
Is State Street’s ownership in OceanFirst Financial Corp (OCFC) above 5%?
No. State Street reports ownership of 4% of the OCFC common stock class. The filing explicitly notes ownership of 5 percent or less of the class under the relevant disclosure item.