Quantbot Technologies LP Invests $1.64 Million in UMB Financial Co. (NASDAQ:UMBF)

Quantbot Technologies LP acquired a new stake in UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,522 shares of the bank’s stock, valued at approximately $1,639,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of UMB Financial by 767.4% in the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after buying an additional 18,817 shares during the period. US Bancorp DE raised its stake in UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock valued at $1,479,000 after acquiring an additional 4,182 shares during the period. Principal Financial Group Inc. lifted its holdings in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after purchasing an additional 2,877 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after purchasing an additional 21,091 shares during the period. 87.78% of the stock is owned by institutional investors.

UMB Financial Trading Up 2.9 %

NASDAQ UMBF opened at $105.27 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $111.08 and its two-hundred day simple moving average is $112.47. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 11.71 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $2.29 EPS. Research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. UMB Financial’s payout ratio is 17.80%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays upped their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley dropped their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Citigroup reiterated a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $128.71.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is owned by corporate insiders.

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.