Fisher Asset Management LLC Has $27.41 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Fisher Asset Management LLC decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,810 shares of the bank's stock after selling 6,761 shares during the period. Fisher Asset Management LLC owned 0.53% of UMB Financial worth $27,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UMBF. O Shaughnessy Asset Management LLC lifted its position in UMB Financial by 30.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank's stock worth $300,000 after buying an additional 809 shares in the last quarter. Lazard Asset Management LLC lifted its position in UMB Financial by 167.4% during the 1st quarter. Lazard Asset Management LLC now owns 4,768 shares of the bank's stock worth $414,000 after buying an additional 2,985 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in UMB Financial by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,755 shares of the bank's stock worth $2,589,000 after buying an additional 1,633 shares in the last quarter. CWM LLC lifted its position in UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank's stock worth $162,000 after buying an additional 129 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in UMB Financial by 37.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,553 shares of the bank's stock valued at $380,000 after purchasing an additional 1,246 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Barclays upped their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Royal Bank of Canada initiated coverage on shares of UMB Financial in a research report on Friday, November 22nd. They set a "sector perform" rating and a $130.00 target price on the stock. Piper Sandler upped their target price on shares of UMB Financial from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Finally, StockNews.com downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, UMB Financial presently has an average rating of "Moderate Buy" and a consensus target price of $122.00.

Insider Buying and Selling

In other news, EVP John Pauls sold 849 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the completion of the transaction, the executive vice president now directly owns 6,483 shares of the company's stock, valued at $715,852.86. This trade represents a 11.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares of the company's stock, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,303 shares of company stock valued at $5,830,165. 8.85% of the stock is owned by corporate insiders.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF opened at $125.88 on Wednesday. The firm's 50 day simple moving average is $111.68 and its 200 day simple moving average is $98.10. UMB Financial Co. has a fifty-two week low of $69.96 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 15.74 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to analysts' expectations of $398.83 million. During the same period in the prior year, the business earned $2.02 EPS. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. This is a boost from UMB Financial's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial's dividend payout ratio is presently 19.50%.

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.