State Street Reports 4.8% Stake in Simmons First National (SFNC)
State Street Corporation reports beneficial ownership of 6,076,385 shares of Simmons First National Corp common stock, representing 4.8% of the class.
Rhea-AI Filing Summary
State Street Corporation reports beneficial ownership of 6,076,385 shares of Simmons First National Corp common stock, representing 4.8% of the class. The filing shows no sole voting or dispositive power and discloses shared voting power of 835,752 shares and shared dispositive power of 6,076,385 shares. The statement is filed on a Schedule 13G and includes a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing control.
The filing also identifies several State Street Global Advisors entities that hold the securities in an advisory capacity, listed as investment adviser affiliates. The disclosure characterizes this holding as passive and does not identify any arrangements intended to influence issuer control.
Positive
- None.
Negative
- None.
Insights
TL;DR: State Street holds 6.08M SFNC shares (4.8%), reported as a passive Schedule 13G stake with no sole voting power.
This Schedule 13G indicates a passive institutional position rather than an activist or control-oriented investment. The filer reports 6,076,385 shares (4.8%) beneficially owned with shared voting power of 835,752 and no sole voting or dispositive power. For investors, this is a sign of institutional ownership but below common thresholds that typically trigger heightened market attention or control considerations.
TL;DR: Disclosure shows passive advisory holdings by State Street affiliates, with identified SSGA entities acting as investment advisers.
The filing names multiple State Street Global Advisors subsidiaries as the relevant advisory holders, each classified as an investment adviser. Item 10 certification states holdings are in the ordinary course of business and not intended to change control. From a governance perspective, the filing does not signal coordination or a governance campaign; it documents passive, advisory-managed positions under regulatory reporting rules.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of SFNC does State Street own?
What voting and dispositive powers are reported by State Street for SFNC?
Was the Schedule 13G filing characterized as passive or for control purposes?
Which State Street subsidiaries are identified as holding the securities?
AI-generated analysis. How Rhea-AI works. Not financial advice.