Knights of Columbus Asset Advisors LLC Makes New Investment in UMB Financial Co. (NASDAQ:UMBF)

Knights of Columbus Asset Advisors LLC purchased a new position in UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,263 shares of the bank’s stock, valued at approximately $2,287,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC grew its holdings in shares of UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after buying an additional 9,803 shares during the last quarter. Commerce Bank grew its holdings in shares of UMB Financial by 0.3% during the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after buying an additional 142 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after buying an additional 32,820 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of UMB Financial by 35.8% during the third quarter. Intech Investment Management LLC now owns 13,311 shares of the bank’s stock valued at $1,399,000 after buying an additional 3,507 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its holdings in shares of UMB Financial by 48.1% during the third quarter. Landscape Capital Management L.L.C. now owns 5,792 shares of the bank’s stock valued at $609,000 after buying an additional 1,882 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reissued a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Barclays boosted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.71.

UMB Financial Trading Down 0.3 %

Shares of UMB Financial stock opened at $102.35 on Friday. The firm has a 50-day simple moving average of $111.24 and a two-hundred day simple moving average of $112.37. The company has a market cap of $7.44 billion, a P/E ratio of 11.38 and a beta of 0.79. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the company earned $2.29 earnings per share. As a group, equities analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

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

Insiders Place Their Bets

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

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.