UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in UMB Financial Co. (NASDAQ:UMBF) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 463,546 shares of the bank’s stock after selling 39,840 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in UMB Financial were worth $52,316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC lifted its position in shares of UMB Financial by 510.5% during the 4th quarter. Headlands Technologies LLC now owns 8,632 shares of the bank’s stock worth $974,000 after buying an additional 7,218 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in UMB Financial during the 4th quarter worth $3,290,000. Franklin Resources Inc. lifted its position in UMB Financial by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 308,544 shares of the bank’s stock valued at $34,822,000 after acquiring an additional 26,186 shares during the last quarter. Wellington Management Group LLP boosted its stake in UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after acquiring an additional 102,104 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of UMB Financial by 7.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank’s stock worth $1,038,000 after purchasing an additional 653 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Down 4.4 %

UMBF stock opened at $86.88 on Friday. The stock has a market capitalization of $6.31 billion, a PE ratio of 9.66 and a beta of 0.79. The company has a fifty day moving average of $107.40 and a 200-day moving average of $112.18. 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 Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating 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, analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. UMB Financial’s payout ratio is currently 17.80%.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now directly owns 13,010 shares in the company, valued at approximately $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 can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares of the company’s stock, 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. 5.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Piper Sandler increased their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four investment 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 presently has an average rating of “Moderate Buy” and an average 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.