UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,321 shares of the bank’s stock after purchasing an additional 386 shares during the quarter. Natixis Advisors LLC owned 0.06% of UMB Financial worth $3,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UMBF. Geode Capital Management LLC increased its stake in shares of UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after buying an additional 21,091 shares during the last quarter. FMR LLC increased its position in shares of UMB Financial by 2.7% in the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after purchasing an additional 24,799 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of UMB Financial by 403.7% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of UMB Financial by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock worth $60,982,000 after purchasing an additional 24,124 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in UMB Financial in the third quarter worth about $48,531,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents 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.

Analysts Set New Price Targets

A number of research firms have commented on UMBF. Barclays increased their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Citigroup reiterated a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.71.

UMB Financial Price Performance

NASDAQ UMBF opened at $102.35 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $111.24 and a two-hundred day moving average price of $112.37. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 11.38 and a beta of 0.79. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $2.29 EPS. Analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given 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 yield of 1.56%. UMB Financial’s dividend payout ratio is presently 17.80%.

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.