Jennison Associates LLC Reduces Position in MidWestOne Financial Group, Inc. $MOFG

Key Points

• Jennison Associates LLC cut its stake in MidWestOne Financial Group by 63.8% in Q4, selling 912,051 shares and retaining 517,960 shares (about 2.51% of the company) valued at roughly $19.94 million.
• Institutional ownership is high at 65.42%, and other funds shifted positions recently—Signaturefd increased its stake by 402.1%, SG Americas by 80.9%, and JPMorgan modestly added shares.
• Stock snapshot: MidWestOne has a market cap of about $1.02 billion, a P/E of 17.55, and a 52‑week range of $25.75–$49.69 (50‑day/200‑day moving averages $49.31/$43.53).

Jennison Associates LLC decreased its stake in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 63.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 517,960 shares of the financial services provider's stock after selling 912,051 shares during the period. Jennison Associates LLC owned 2.51% of MidWestOne Financial Group worth $19,941,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Signaturefd LLC increased its position in MidWestOne Financial Group by 402.1% during the fourth quarter. Signaturefd LLC now owns 2,124 shares of the financial services provider's stock worth $82,000 after buying an additional 1,701 shares in the last quarter. SG Americas Securities LLC increased its position in MidWestOne Financial Group by 80.9% during the fourth quarter. SG Americas Securities LLC now owns 8,074 shares of the financial services provider's stock worth $311,000 after buying an additional 3,610 shares in the last quarter. JPMorgan Chase & Co. increased its position in MidWestOne Financial Group by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 141,671 shares of the financial services provider's stock worth $4,008,000 after buying an additional 3,459 shares in the last quarter. Verition Fund Management LLC purchased a new position in MidWestOne Financial Group during the third quarter worth $472,000. Finally, Numerai GP LLC increased its position in MidWestOne Financial Group by 70.9% during the third quarter. Numerai GP LLC now owns 38,031 shares of the financial services provider's stock worth $1,076,000 after buying an additional 15,781 shares in the last quarter. Hedge funds and other institutional investors own 65.42% of the company's stock.

MidWestOne Financial Group Stock Performance

MidWestOne Financial Group stock opened at $49.31 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average of $49.31 and a two-hundred day moving average of $43.53. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group, Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $49.69.

MidWestOne Financial Group 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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