UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Axa S.A.

Axa S.A. grew its holdings in UMB Financial Co. (NASDAQ:UMBF) by 134.7% during the 2nd quarter, Holdings Channel reports. The firm owned 19,463 shares of the bank’s stock after buying an additional 11,172 shares during the period. Axa S.A.’s holdings in UMB Financial were worth $1,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UMBF. CWM LLC grew its holdings in UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after buying an additional 129 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of UMB Financial by 0.3% during the first quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock valued at $4,771,000 after acquiring an additional 144 shares during the last quarter. US Bancorp DE boosted its stake in shares of UMB Financial by 1.4% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock valued at $1,033,000 after acquiring an additional 169 shares during the last quarter. Great Lakes Advisors LLC increased its position in UMB Financial by 0.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 58,892 shares of the bank’s stock worth $4,913,000 after purchasing an additional 210 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in UMB Financial by 6.7% in the 2nd quarter. Profund Advisors LLC now owns 3,493 shares of the bank’s stock valued at $291,000 after purchasing an additional 220 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 commented on UMBF shares. Wells Fargo & Company lifted their price target on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Piper Sandler lifted their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Barclays increased their price target on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.33.

Insider Buying and Selling

In other UMB Financial news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now directly owns 3,211 shares of the company’s stock, valued at $329,127.50. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now owns 3,211 shares in the company, valued at approximately $329,127.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Pauls sold 1,623 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total value of $150,890.31. Following the completion of the sale, the executive vice president now owns 7,332 shares of the company’s stock, valued at $681,656.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,396 shares of company stock valued at $2,431,301. 8.85% of the stock is currently owned by corporate insiders.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $105.11 on Tuesday. The company has a market cap of $5.12 billion, a P/E ratio of 13.96 and a beta of 0.78. The firm’s 50 day moving average is $100.04 and its two-hundred day moving average is $88.99. UMB Financial Co. has a fifty-two week low of $57.91 and a fifty-two week high of $109.42. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The firm had revenue of $390.03 million for the quarter, compared to analysts’ expectations of $384.96 million. During the same quarter last year, the firm earned $1.93 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts expect that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s payout ratio is currently 20.72%.

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.