State Street Amends UMB Financial Stake, Remains Passive Holder
Ticker: UMBFO · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 101382
| Field | Detail |
|---|---|
| Company | Umb Financial Corp (UMBFO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns UMB Financial stock, but it's just a passive investment.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of UMB Financial Corp's common stock as of December 31, 2023. This filing updates previous disclosures, signaling that State Street continues to hold a significant, though passive, stake in UMB Financial. For investors, this means a large institutional player maintains confidence in UMB Financial, which can be a positive signal, but it doesn't suggest any active management changes or takeover attempts.
Why It Matters
This filing confirms State Street Corporation's continued passive institutional ownership in UMB Financial Corp, providing transparency on a major holder's position without indicating any strategic shifts.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate risks or significant changes for UMB Financial Corp.
Analyst Insight
An investor should note that State Street Corporation continues to hold a passive stake in UMB Financial Corp, which is a routine institutional disclosure and does not signal any imminent strategic changes or significant market movements for UMB Financial.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- UMB Financial Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically designated as an 'AMENDED FILING'.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified by CIK 0000093751.
What is the 'Subject Company' or 'Issuer' of the securities?
The 'Subject Company' or 'Issuer' is UMB FINANCIAL CORP, identified by CIK 0000101382.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of UMB Financial Corp is 902788108.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was 12/31/2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding UMB FINANCIAL CORP (UMBFO).