American Century Companies Inc. Reduces Position in UMB Financial Co. (NASDAQ:UMBF)

American Century Companies Inc. decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,907,422 shares of the bank's stock after selling 40,605 shares during the quarter. American Century Companies Inc. owned approximately 3.91% of UMB Financial worth $215,272,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UMBF. USA Financial Formulas increased its holdings in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of UMB Financial during the 3rd quarter worth about $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial in the 4th quarter valued at about $96,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of UMB Financial during the 4th quarter worth about $103,000. Finally, R Squared Ltd purchased a new stake in UMB Financial during the fourth quarter worth approximately $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Tuesday. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Morgan Stanley decreased their price objective on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reiterated a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial currently has an average rating of "Hold" and an average target price of $128.71.

UMB Financial Stock Performance

UMBF stock traded down $2.01 during trading on Thursday, hitting $101.85. The company had a trading volume of 447,053 shares, compared to its average volume of 467,363. The firm has a 50-day moving average price of $110.53 and a 200-day moving average price of $112.45. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.40 billion, a PE ratio of 11.33 and a beta of 0.79. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the company earned $2.29 EPS. On average, analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. UMB Financial's dividend payout ratio is currently 17.80%.

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.