UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Barclays PLC

Barclays PLC grew its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 278.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 231,482 shares of the bank's stock after acquiring an additional 170,375 shares during the period. Barclays PLC owned about 0.47% of UMB Financial worth $24,329,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in UMB Financial during the third quarter worth $26,000. Covestor Ltd increased its position in shares of UMB Financial by 31.0% in 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. Point72 Asset Management L.P. acquired a new position in shares of UMB Financial during the 3rd quarter worth $83,000. 1620 Investment Advisors Inc. purchased a new stake in shares of UMB Financial in the 2nd quarter worth about $128,000. Finally, Acropolis Investment Management LLC acquired a new stake in UMB Financial in the 3rd quarter valued at about $156,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Trading Down 0.1 %

Shares of NASDAQ UMBF traded down $0.18 on Friday, reaching $122.18. 310,641 shares of the company traded hands, compared to its average volume of 298,654. The company has a 50 day moving average of $116.95 and a 200 day moving average of $101.70. 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 Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The stock has a market capitalization of $5.96 billion, a PE ratio of 15.27 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. During the same quarter last year, the firm posted $2.02 earnings per share. On average, equities research analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. This is a boost from UMB Financial's previous quarterly dividend of $0.39. UMB Financial's dividend payout ratio (DPR) is presently 20.00%.

Insider Buying and Selling at UMB Financial

In related news, insider Robert Brian Beaird sold 854 shares of the company's stock in a transaction on Thursday, November 21st. The shares were 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 approximately $719,058.64. This represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,603 shares of company stock valued at $8,353,950. Company insiders own 8.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UMBF. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Barclays upped 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. Royal Bank of Canada initiated coverage on UMB Financial in a research report on Friday, November 22nd. They set a "sector perform" rating and a $130.00 price target for the company. Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price objective on the stock. Finally, Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and an average price target of $124.00.

UMB Financial 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.