American International Group Inc. Has $6.74 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

American International Group Inc. lessened its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,670 shares of the bank’s stock after selling 2,604 shares during the quarter. American International Group Inc.’s holdings in UMB Financial were worth $6,740,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UMBF. Assetmark Inc. acquired a new stake in UMB Financial during the 4th quarter worth $28,000. Jones Financial Companies Lllp acquired a new stake in shares of UMB Financial in the 3rd quarter valued at about $199,000. MQS Management LLC acquired a new stake in shares of UMB Financial in the 3rd quarter valued at about $217,000. Mackenzie Financial Corp acquired a new stake in shares of UMB Financial in the 4th quarter valued at about $228,000. Finally, Quadrant Capital Group LLC raised its stake in shares of UMB Financial by 42.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock valued at $229,000 after purchasing an additional 819 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 2,000 shares of UMB Financial stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $81.39, for a total transaction of $162,780.00. Following the completion of the transaction, the chief executive officer now owns 1,698,104 shares in the company, valued at $138,208,684.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 19,012 shares of company stock worth $1,601,971. Company insiders own 8.85% of the company’s stock.

UMB Financial Price Performance

NASDAQ:UMBF opened at $80.54 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $81.86 and its 200 day simple moving average is $81.55. The company has a market cap of $3.93 billion, a P/E ratio of 10.70 and a beta of 0.81. UMB Financial Co. has a 52-week low of $56.31 and a 52-week high of $87.36.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.62. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The business had revenue of $405.19 million for the quarter, compared to the consensus estimate of $369.80 million. As a group, sell-side analysts forecast that UMB Financial Co. will post 8.41 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, June 10th. UMB Financial’s payout ratio is currently 20.72%.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $93.00 to $98.00 in a research note on Friday, May 31st. Finally, Barclays raised UMB Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $91.00 to $95.00 in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.83.

About UMB Financial

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.