Vanguard Group Inc. Cuts Stock Holdings in UMB Financial Corporation $UMBF

Vanguard Group Inc. decreased its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,684,774 shares of the bank’s stock after selling 84,055 shares during the period. Vanguard Group Inc. owned about 0.10% of UMB Financial worth $884,056,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after buying an additional 267 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after buying an additional 177 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of UMB Financial by 88.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after buying an additional 199 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of UMB Financial by 168.6% during the third quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock valued at $89,000 after buying an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the transaction, the director owned 12,488 shares of the company’s stock, valued at $1,614,698.40. This represents a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg M. Graves purchased 220 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the transaction, the director directly owned 39,541 shares in the company, valued at approximately $5,054,526.03. The trade was a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 19,102 shares of company stock valued at $2,458,247. Insiders own 5.33% of the company’s stock.

UMB Financial Stock Up 2.4%

UMBF stock opened at $129.24 on Friday. The stock’s fifty day simple moving average is $117.20 and its two-hundred day simple moving average is $117.38. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 1-year low of $97.76 and a 1-year high of $136.11. The stock has a market cap of $9.84 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.05 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. Analysts expect that UMB Financial Corporation will post 12.33 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s payout ratio is currently 15.26%.

Analysts Set New Price Targets

UMBF has been the topic of several analyst reports. TD Cowen lifted their target price on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada lifted their target price on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $145.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.55.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.