Guggenheim Capital LLC Buys 7,759 Shares of UMB Financial Co. (NASDAQ:UMBF)

Guggenheim Capital LLC grew its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 77.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,827 shares of the bank's stock after acquiring an additional 7,759 shares during the quarter. Guggenheim Capital LLC's holdings in UMB Financial were worth $2,012,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas increased its stake in UMB Financial by 124.7% in the 4th 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 period. Covestor Ltd boosted its stake in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in UMB Financial in the 4th quarter valued at $96,000. Steward Partners Investment Advisory LLC acquired a new position in shares of UMB Financial during the 4th quarter valued at about $103,000. Finally, R Squared Ltd acquired a new position in shares of UMB Financial in the 4th quarter valued at $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

UMBF traded up $3.78 during trading hours on Tuesday, reaching $94.20. The company's stock had a trading volume of 628,018 shares, compared to its average volume of 523,758. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The firm has a market cap of $7.15 billion, a PE ratio of 10.48 and a beta of 0.71. The company's 50-day moving average is $99.98 and its 200-day moving average is $110.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the firm earned $2.29 EPS. On average, equities analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.70%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Barclays cut their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup restated a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.13.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by corporate 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.