UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,422 shares of the bank’s stock after selling 400 shares during the period. Financial Counselors Inc. owned about 0.10% of UMB Financial worth $4,879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UMBF. Advantage Alpha Capital Partners LP raised its position in shares of UMB Financial by 19.4% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 5,267 shares of the bank’s stock valued at $554,000 after acquiring an additional 857 shares in the last quarter. FMR LLC lifted 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 buying an additional 24,799 shares during the last quarter. Hancock Whitney Corp acquired a new position in shares of UMB Financial in the 3rd quarter valued at about $843,000. Cerity Partners LLC grew its position in shares of UMB Financial by 767.4% during the 3rd 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 last quarter. Finally, Citigroup Inc. raised its stake in UMB Financial by 28.5% during the third quarter. Citigroup Inc. now owns 86,109 shares of the bank’s stock worth $9,051,000 after acquiring an additional 19,108 shares during the period. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was 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 of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Greg M. Graves purchased 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 55,303 shares of company stock valued at $5,830,165. 8.85% of the stock is owned by insiders.

Analysts Set New Price Targets

UMBF has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Piper Sandler raised their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Barclays upped their price target on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Citigroup started coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

UMB Financial Stock Up 0.1 %

UMBF stock opened at $126.05 on Friday. The firm’s 50-day moving average is $112.43 and its two-hundred day moving average is $98.48. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 15.76 and a beta of 0.78. UMB Financial Co. has a 52 week low of $69.96 and a 52 week high of $129.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million for the quarter, compared to analysts’ expectations 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 previous year, the company earned $2.02 earnings per share. On average, analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.27%. UMB Financial’s payout ratio is 19.50%.

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.