Quantessence Capital LLC Makes New Investment in UMB Financial Co. (NASDAQ:UMBF)

Quantessence Capital LLC bought a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 60,475 shares of the bank's stock, valued at approximately $6,825,000. UMB Financial makes up 2.8% of Quantessence Capital LLC's investment portfolio, making the stock its 4th biggest position. Quantessence Capital LLC owned approximately 0.12% of UMB Financial as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in UMB Financial by 50.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,391 shares of the bank's stock worth $837,000 after purchasing an additional 2,486 shares during the period. Stifel Financial Corp bought a new position in shares of UMB Financial in the 4th quarter worth about $219,000. OneDigital Investment Advisors LLC bought a new position in shares of UMB Financial in the 4th quarter worth about $210,000. Tower Research Capital LLC TRC boosted its holdings in shares of UMB Financial by 168.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,473 shares of the bank's stock valued at $618,000 after buying an additional 3,437 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of UMB Financial by 8.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,299 shares of the bank's stock valued at $5,790,000 after buying an additional 3,918 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley decreased their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Bank of America assumed coverage on UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Barclays reduced their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, UMB Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.13.

UMB Financial Price Performance

Shares of UMBF traded down $1.11 during midday trading on Friday, reaching $95.66. The stock had a trading volume of 465,936 shares, compared to its average volume of 527,931. The firm's 50 day moving average price is $99.34 and its 200-day moving average price is $110.57. The company has a market capitalization of $7.26 billion, a P/E ratio of 10.64 and a beta of 0.71. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the previous year, the company posted $2.29 EPS. On average, analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. UMB Financial's dividend payout ratio is 17.80%.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.45% of the company's stock.

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.