Barclays PLC Has $18.06 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Barclays PLC trimmed its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 30.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,008 shares of the bank's stock after selling 71,474 shares during the quarter. Barclays PLC owned 0.33% of UMB Financial worth $18,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC purchased a new position in shares of UMB Financial during the 3rd quarter valued at $208,000. Principal Financial Group Inc. increased its position in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Ellenbecker Investment Group purchased a new stake in shares of UMB Financial during the 4th quarter worth about $212,000. Assenagon Asset Management S.A. purchased a new stake in shares of UMB Financial during the 4th quarter worth about $1,443,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of UMB Financial during the 4th quarter valued at about $284,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

NASDAQ:UMBF traded up $3.78 during trading hours on Tuesday, hitting $94.20. 628,018 shares of the company traded hands, compared to its average volume of 523,758. 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 stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.48 and a beta of 0.71. The firm has a 50-day moving average of $99.98 and a 200 day moving average of $110.73. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94.

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

UMB Financial Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's payout ratio is 17.80%.

Insider Activity

In related news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction 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 $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now directly 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 disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

Analyst Ratings Changes

UMBF has been the subject of several recent research reports. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Citigroup reissued a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Bank of America initiated coverage on UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target for the company. Piper Sandler increased their price objective on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their target price on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, UMB Financial presently has a consensus rating of "Moderate Buy" and an average target price of $122.13.

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.