USA Financial Formulas Has $55,000 Position in UMB Financial Co. (NASDAQ:UMBF)

USA Financial Formulas lifted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 124.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 483 shares of the bank’s stock after buying an additional 268 shares during the period. USA Financial Formulas’ holdings in UMB Financial were worth $55,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UMBF. Dimensional Fund Advisors LP raised its holdings in UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after acquiring an additional 100,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after purchasing an additional 21,091 shares during the last quarter. FMR LLC raised its stake in shares of UMB Financial by 2.7% during the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after purchasing an additional 24,799 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after buying an additional 694,751 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after buying an additional 381,278 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the sale, the chief executive officer now directly owns 1,576,604 shares in the company, valued at approximately $171,581,813.32. This represents a 1.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now directly owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,303 shares of company stock worth $5,879,967 in the last quarter. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $117.63 on Friday. The firm has a market cap of $5.74 billion, a P/E ratio of 14.70 and a beta of 0.82. The business’s 50 day moving average is $119.46 and its 200-day moving average is $107.12. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The firm had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter last year, the business earned $2.02 EPS. Equities research analysts predict that UMB Financial Co. will post 9.23 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 20.00%.

Analyst Ratings Changes

UMBF has been the subject of a number of recent analyst reports. Citigroup started coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Barclays raised their target price on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley began coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.