UMB Financial Co. (NASDAQ:UMBF) Position Cut by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 84.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the bank's stock after selling 33,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in UMB Financial were worth $631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UMBF. Advantage Alpha Capital Partners LP raised its stake in shares of UMB Financial by 19.4% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 5,267 shares of the bank's stock valued at $554,000 after buying an additional 857 shares during the last quarter. FMR LLC increased its holdings in UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank's stock valued at $99,822,000 after buying an additional 24,799 shares in the last quarter. Hancock Whitney Corp acquired a new position in UMB Financial in the 3rd quarter worth about $843,000. Cerity Partners LLC grew its stake in UMB Financial by 767.4% in the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock valued at $2,236,000 after acquiring an additional 18,817 shares during the period. Finally, Citigroup Inc. grew its stake in UMB Financial by 28.5% during the 3rd quarter. Citigroup Inc. now owns 86,109 shares of the bank's stock valued at $9,051,000 after acquiring an additional 19,108 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UMBF shares. Barclays lifted their price objective on UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Monday. Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They issued a "buy" rating and a $127.00 target price on the stock. Royal Bank of Canada began coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a "sector perform" rating and a $130.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, UMB Financial has an average rating of "Moderate Buy" and an average price target of $122.00.

Insiders Place Their Bets

In other UMB Financial news, Director Greg M. Graves purchased 258 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $109.29 per share, with a total value of $28,196.82. Following the transaction, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,303 shares of company stock valued at $5,830,165. Insiders own 8.85% of the company's stock.

UMB Financial Stock Performance

Shares of UMB Financial stock traded up $1.33 on Tuesday, reaching $126.05. 338,894 shares of the stock were exchanged, compared to its average volume of 363,892. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.15 billion, a PE ratio of 15.77 and a beta of 0.80. UMB Financial Co. has a 1-year low of $73.54 and a 1-year high of $129.94. The business has a fifty day moving average price of $113.16 and a two-hundred day moving average price of $99.25.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter in the prior year, the company posted $2.02 earnings per share. As a group, research analysts anticipate that UMB Financial Co. will post 9.21 earnings per share for the current fiscal 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 $0.40 dividend. This is a positive change from UMB Financial's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.27%. 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.