Bank of New York Mellon Corp Has $50.92 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Bank of New York Mellon Corp cut its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,144 shares of the bank's stock after selling 32,822 shares during the period. Bank of New York Mellon Corp owned approximately 0.92% of UMB Financial worth $50,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Covestor Ltd grew its holdings in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas grew its holdings in shares of UMB Financial by 124.7% during 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 in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial during the third quarter valued at $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial during the fourth quarter valued at $96,000. Finally, R Squared Ltd purchased a new position in shares of UMB Financial during the fourth quarter valued at $117,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Up 0.3 %

Shares of UMBF traded up $0.31 during trading hours on Friday, hitting $103.07. 762,605 shares of the company were exchanged, compared to its average volume of 451,030. The company has a market cap of $5.03 billion, a PE ratio of 11.46 and a beta of 0.79. The firm's 50 day moving average is $113.40 and its 200-day moving average is $112.47. 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 quick ratio of 0.75 and a current ratio of 0.75.

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UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the firm posted $2.29 earnings per share. On average, equities research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UMBF shares. Citigroup reiterated a "neutral" rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Piper Sandler boosted 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. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th. Morgan Stanley assumed coverage on UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 target price on the stock. Finally, Barclays boosted their target price on UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $130.14.

Insider Buying and Selling

In related news, 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade 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 insiders.

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.