Inceptionr LLC Purchases Shares of 2,700 UMB Financial Co. (NASDAQ:UMBF)

Inceptionr LLC acquired a new stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,700 shares of the bank's stock, valued at approximately $305,000.

Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock valued at $117,139,000 after buying an additional 21,091 shares during the period. FMR LLC boosted its position in UMB Financial by 2.7% during the 3rd quarter. FMR LLC now owns 949,687 shares of the bank's stock worth $99,822,000 after purchasing an additional 24,799 shares during the period. Principal Financial Group Inc. boosted its position in UMB Financial by 403.7% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. boosted its position in UMB Financial by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank's stock worth $60,982,000 after purchasing an additional 24,124 shares during the period. Finally, Global Alpha Capital Management Ltd. boosted its position in UMB Financial by 1.7% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank's stock worth $58,037,000 after purchasing an additional 9,400 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages recently weighed in on UMBF. Barclays upped their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Morgan Stanley started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an "overweight" rating and a $156.00 price target for the company. Piper Sandler upped their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Citigroup reissued a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $130.14.

Insider Activity

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.85% of the company's stock.

UMB Financial Stock Up 1.0 %

Shares of UMB Financial stock traded up $0.99 during trading on Wednesday, reaching $98.99. The company had a trading volume of 567,294 shares, compared to its average volume of 455,025. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 11.01 and a beta of 0.79. The firm's fifty day moving average is $112.54 and its 200-day moving average is $112.44. 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 Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $2.29 EPS. On average, analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

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.