BlackRock Drastically Increases Stake In UMB

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BlackRock Inc. has increased its holdings in UMB Financial Corp. by 63.5 percent since September and now controls 6.07 percent of the company.

In a Feb. 5 filing with the Securities and Exchange Commission, BlackRock announced that it now has sole voting power over 2.46 million shares of common stock for Kansas City-based UMB, up from 1.51 million shares as of Sept. 30. UMB had 40.34 million shares outstanding as of Dec. 31, and a float of 28.32 million shares.

UMB Financial’s common stock price closed at $43.76 on Monday, down from a close of $48.68 at the end of September.

Read more from the Kansas City Business Journal


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