UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 35.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,311 shares of the bank’s stock after buying an additional 3,507 shares during the quarter. Intech Investment Management LLC’s holdings in UMB Financial were worth $1,399,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in UMBF. Wedge Capital Management L L P NC acquired a new stake in UMB Financial in the second quarter valued at about $3,808,000. Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after buying an additional 100,000 shares during the period. Interval Partners LP purchased a new stake in shares of UMB Financial in the second quarter valued at approximately $3,286,000. Natixis Advisors LLC grew its holdings in UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock worth $3,041,000 after acquiring an additional 9,803 shares during the period. Finally, Quest Partners LLC raised its position in UMB Financial by 144.1% in the second quarter. Quest Partners LLC now owns 17,784 shares of the bank’s stock worth $1,484,000 after acquiring an additional 10,498 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler lifted their price target on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup initiated coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Royal Bank of Canada began coverage on UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price on the stock. Barclays raised their price target on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg M. Graves purchased 258 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the acquisition, the director now directly owns 36,244 shares of the company’s stock, valued at $3,961,106.76. This trade represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 55,303 shares of company stock valued at $5,830,165. 8.85% of the stock is currently owned by company insiders.

UMB Financial Stock Performance

NASDAQ UMBF opened at $125.88 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $6.14 billion, a PE ratio of 15.74 and a beta of 0.78. The business’s 50-day moving average price is $111.68 and its 200 day moving average price is $98.10. UMB Financial Co. has a twelve month low of $69.96 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last released 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. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same period last year, the company earned $2.02 earnings per share. On average, research analysts predict that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio is presently 20.00%.

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.