New York Life Investment Management LLC bought a new position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,156 shares of the financial services provider’s stock, valued at approximately $930,000.
Several other hedge funds have also recently modified their holdings of MOFG. ABC Arbitrage SA acquired a new position in shares of MidWestOne Financial Group during the 4th quarter worth about $6,406,000. Wellington Management Group LLP raised its position in shares of MidWestOne Financial Group by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,354,527 shares of the financial services provider’s stock worth $38,320,000 after purchasing an additional 139,033 shares during the last quarter. Millennium Management LLC raised its position in shares of MidWestOne Financial Group by 187.6% during the 3rd quarter. Millennium Management LLC now owns 197,522 shares of the financial services provider’s stock worth $5,588,000 after purchasing an additional 128,845 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of MidWestOne Financial Group by 125.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 138,212 shares of the financial services provider’s stock worth $3,976,000 after purchasing an additional 76,966 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of MidWestOne Financial Group by 16.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider’s stock worth $15,744,000 after purchasing an additional 76,368 shares during the last quarter. Institutional investors and hedge funds own 65.42% of the company’s stock.
MidWestOne Financial Group Price Performance
MOFG opened at $49.31 on Wednesday. The company has a market cap of $1.02 billion, a PE ratio of 17.55 and a beta of 1.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. MidWestOne Financial Group, Inc. has a twelve month low of $25.75 and a twelve month high of $49.69. The company has a 50-day moving average price of $49.31 and a 200 day moving average price of $44.99.
MidWestOne Financial Group Company Profile
MidWestOne Financial Group, Inc (NASDAQ: MOFG) is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.
Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.
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