BlackRock Trims UMB Financial Stake to 10.3%
Ticker: UMBFO · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 101382
| Field | Detail |
|---|---|
| Company | Umb Financial Corp (UMBFO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, passive-investment
TL;DR
**BlackRock slightly cut its UMB stake to 10.3%, watch for institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in UMB Financial Corporation (UMB). As of December 31, 2023, BlackRock reported beneficial ownership of 5,066,908 shares of UMB's Common Stock. This represents a 10.3% stake in the company, a slight decrease from previous filings. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in UMB's future performance.
Why It Matters
BlackRock's slight reduction in its UMB Financial stake could indicate a minor shift in its investment strategy or outlook for the bank, which investors might want to consider.
Risk Assessment
Risk Level: low — This filing indicates a minor adjustment by a large institutional investor, not a significant or sudden change that would pose high risk.
Analyst Insight
Investors should note BlackRock's continued, albeit slightly reduced, significant stake in UMB Financial, indicating ongoing institutional interest. Monitor future filings for further changes in BlackRock's position as a potential indicator of sentiment.
Key Numbers
- 5,066,908 — Shares owned by BlackRock (Represents BlackRock's total beneficial ownership in UMB Financial Corporation as of December 31, 2023.)
- 10.3% — Ownership percentage (Indicates BlackRock's significant, but slightly reduced, stake in UMB Financial Corporation.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- UMB Financial Corporation (company) — the subject company in which BlackRock holds shares
- 5,066,908 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock
- 10.3% (dollar_amount) — percentage of UMB Financial Corporation's class of securities beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially fluctuating, stake in UMB Financial Corporation. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No: 3) filed by BlackRock Inc. to update its beneficial ownership in UMB Financial Corporation as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a security broker, dealer & flotation company based in New York, NY, with CIK 0001364742.
What is the subject company and its industry?
The subject company is UMB Financial Corporation (CIK 0000101382), a national commercial bank based in Kansas City, MO.
How many shares of UMB Financial Corporation's Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 5,066,908 shares of UMB Financial Corporation's Common Stock, representing 10.3% of the class of securities.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding UMB FINANCIAL CORP (UMBFO).