Fortitude Advisory Group L.L.C. Sells 1,247 Shares of UMB Financial Co. (NASDAQ:UMBF)

Fortitude Advisory Group L.L.C. decreased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 30.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,906 shares of the bank’s stock after selling 1,247 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in UMB Financial were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in UMBF. V Square Quantitative Management LLC acquired a new stake in shares of UMB Financial in the 3rd quarter valued at $26,000. Covestor Ltd boosted its position in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas grew its stake in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial during the third quarter worth approximately $83,000. Finally, Acropolis Investment Management LLC acquired a new stake in shares of UMB Financial during the third quarter worth approximately $156,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg M. Graves acquired 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 50,303 shares of company stock worth $5,879,967. 8.85% of the stock is currently owned by company insiders.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $121.11 on Tuesday. The firm has a fifty day moving average of $119.05 and a two-hundred day moving average of $109.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 15.14 and a beta of 0.82. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on UMBF. Citigroup started coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. Royal Bank of Canada began coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Barclays increased their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company upped their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

UMB Financial Company Profile

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.