Jane Street Group LLC Sells 16,846 Shares of UMB Financial Co. (NASDAQ:UMBF)

Jane Street Group LLC reduced its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 31.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,964 shares of the bank’s stock after selling 16,846 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of UMB Financial worth $3,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of UMB Financial by 37.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,553 shares of the bank’s stock worth $380,000 after buying an additional 1,246 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of UMB Financial in the second quarter valued at $128,000. Hennessy Advisors Inc. purchased a new position in UMB Financial during the 2nd quarter valued at about $1,502,000. Tributary Capital Management LLC lifted its holdings in shares of UMB Financial by 0.3% in the second quarter. Tributary Capital Management LLC now owns 198,107 shares of the bank’s stock worth $16,526,000 after buying an additional 501 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of UMB Financial by 56.9% in the second quarter. Ceredex Value Advisors LLC now owns 140,900 shares of the bank’s stock valued at $11,808,000 after acquiring an additional 51,100 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UMBF. Royal Bank of Canada started coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target for the company. Barclays lifted 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. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Citigroup started coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Insiders Place Their Bets

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg M. Graves bought 258 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 74,603 shares of company stock worth $8,353,950. 8.85% of the stock is currently owned by company insiders.

UMB Financial Price Performance

UMBF opened at $113.57 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $117.83 and its 200-day moving average price is $102.50. The stock has a market capitalization of $5.54 billion, a PE ratio of 14.20 and a beta of 0.80. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter in the prior year, the company earned $2.02 EPS. On average, equities research analysts predict that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.41%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is presently 20.00%.

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.