Wellington Management Group LLP Increases Position in UMB Financial Co. (NASDAQ:UMBF)

Wellington Management Group LLP raised its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,021,285 shares of the bank’s stock after buying an additional 102,104 shares during the period. Wellington Management Group LLP owned about 2.78% of UMB Financial worth $228,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas grew its position in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of UMB Financial in the third quarter valued at approximately $83,000. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the 4th quarter worth approximately $96,000. Steward Partners Investment Advisory LLC acquired a new stake in UMB Financial during the 4th quarter worth approximately $103,000. Finally, R Squared Ltd purchased a new position in UMB Financial in the 4th quarter valued at approximately $117,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of several analyst reports. Morgan Stanley reduced 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. Citigroup reissued a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. 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 report on Thursday, December 5th. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $128.71.

UMB Financial Stock Up 1.4 %

Shares of NASDAQ:UMBF opened at $101.98 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $108.68 and a 200-day simple moving average of $112.41. The company has a market capitalization of $7.41 billion, a PE ratio of 11.34 and a beta of 0.79. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $2.29 EPS. On average, equities analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

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.