HBK Investments L P Raises Position in UMB Financial Co. (NASDAQ:UMBF)

HBK Investments L P raised its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,074 shares of the bank's stock after purchasing an additional 15,758 shares during the period. HBK Investments L P owned about 0.10% of UMB Financial worth $5,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in UMB Financial in the 4th quarter valued at $2,190,000. US Bancorp DE grew its position in shares of UMB Financial by 46.9% in the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after purchasing an additional 4,182 shares during the period. Principal Financial Group Inc. increased its stake in shares of UMB Financial by 403.7% during the third 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 in the last quarter. Inceptionr LLC acquired a new position in shares of UMB Financial during the 4th quarter worth about $305,000. Finally, Vontobel Holding Ltd. lifted its stake in UMB Financial by 107.8% in the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock valued at $626,000 after buying an additional 2,877 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UMBF shares. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Bank of America assumed coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $122.13.

UMB Financial Trading Down 1.1 %

NASDAQ:UMBF traded down $1.11 on Friday, hitting $95.66. The stock had a trading volume of 465,936 shares, compared to its average volume of 529,520. The company has a fifty day moving average price of $98.98 and a two-hundred day moving average price of $110.59. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 10.64 and a beta of 0.71.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its 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 previous year, the business earned $2.29 earnings per share. Equities research analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. UMB Financial's payout ratio is currently 17.80%.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction 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 transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction 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 sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

UMB Financial Company 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.