American Century Companies Inc. Has $215.27 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

American Century Companies Inc. lowered its stake in UMB Financial Co. (NASDAQ:UMBF) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,907,422 shares of the bank’s stock after selling 40,605 shares during the period. American Century Companies Inc. owned approximately 3.91% of UMB Financial worth $215,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Natixis Advisors LLC increased its stake in shares of UMB Financial by 51.2% in the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock worth $3,041,000 after purchasing an additional 9,803 shares during the period. Commerce Bank increased its stake in shares of UMB Financial by 0.3% in the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock worth $4,384,000 after purchasing an additional 142 shares during the period. King Luther Capital Management Corp increased its stake in shares of UMB Financial by 229.6% in the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock worth $4,952,000 after purchasing an additional 32,820 shares during the period. Intech Investment Management LLC increased its stake in shares of UMB Financial by 35.8% in the third quarter. Intech Investment Management LLC now owns 13,311 shares of the bank’s stock worth $1,399,000 after purchasing an additional 3,507 shares during the period. Finally, Landscape Capital Management L.L.C. increased its stake in shares of UMB Financial by 48.1% in the third quarter. Landscape Capital Management L.L.C. now owns 5,792 shares of the bank’s stock worth $609,000 after purchasing an additional 1,882 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is owned by company insiders.

UMB Financial Trading Down 0.3 %

UMBF stock opened at $102.35 on Friday. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The firm has a market cap of $7.44 billion, a P/E ratio of 11.38 and a beta of 0.79. The business’s 50 day moving average is $111.24 and its 200-day moving average is $112.37. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period last year, the company posted $2.29 EPS. Equities analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. UMB Financial’s dividend payout ratio is currently 17.80%.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Barclays boosted their price target on 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 upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Finally, Piper Sandler boosted their price target on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.71.

UMB Financial 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.