Invesco Ltd. Acquires 74,038 Shares of UMB Financial Co. (NASDAQ:UMBF)

Invesco Ltd. lifted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 31.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 309,980 shares of the bank's stock after acquiring an additional 74,038 shares during the quarter. Invesco Ltd. owned 0.64% of UMB Financial worth $34,984,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. USA Financial Formulas increased its position in shares of UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after purchasing an additional 268 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the fourth quarter worth about $96,000. Steward Partners Investment Advisory LLC bought a new stake in UMB Financial in the fourth quarter worth about $103,000. R Squared Ltd purchased a new stake in shares of UMB Financial during the 4th quarter worth approximately $117,000. Finally, HighTower Advisors LLC bought a new stake in shares of UMB Financial in the 4th quarter worth approximately $201,000. 87.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on UMBF shares. Bank of America began coverage on UMB Financial in a report on Wednesday. They set a "buy" rating and a $105.00 price objective for the company. Wells Fargo & Company decreased their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays lowered their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Piper Sandler upped their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UMB Financial currently has an average rating of "Moderate Buy" and an average target price of $122.13.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

UMB Financial Stock Up 0.7 %

Shares of NASDAQ:UMBF opened at $91.05 on Thursday. The firm has a fifty day moving average price of $101.68 and a two-hundred day moving average price of $110.97. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 10.13 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $2.29 earnings per share. Analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's payout ratio is 17.80%.

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.

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