UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 31.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,964 shares of the bank's stock after selling 16,846 shares during the quarter. Jane Street Group LLC owned about 0.07% of UMB Financial worth $3,780,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UMBF. V Square Quantitative Management LLC acquired a new position in shares of UMB Financial during the 3rd quarter worth approximately $26,000. Covestor Ltd lifted its position in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after buying an additional 102 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial during the third quarter worth $83,000. Acropolis Investment Management LLC purchased a new stake in UMB Financial in the 3rd quarter valued at $156,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of UMB Financial in the 2nd quarter worth $128,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Wall Street Analyst Weigh In

UMBF has been the topic of several recent research reports. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Morgan Stanley assumed coverage on shares of UMB Financial in a report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 target price on the stock. Royal Bank of Canada began coverage on shares of UMB Financial in a report on Friday, November 22nd. They set a "sector perform" rating and a $130.00 price target for the company. StockNews.com cut UMB Financial from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. Finally, Citigroup began coverage on UMB Financial in a research note on Thursday, October 10th. They set a "buy" rating and a $127.00 target price for the company. One equities research 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. According to data from MarketBeat, UMB Financial presently has an average rating of "Moderate Buy" and an average price target of $124.00.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Brian Beaird sold 854 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company's stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is currently owned by company insiders.

UMB Financial Trading Down 0.3 %

UMBF traded down $0.37 during mid-day trading on Thursday, hitting $113.20. 586,889 shares of the stock were exchanged, compared to its average volume of 365,615. The firm's fifty day moving average is $117.83 and its two-hundred day moving average is $102.50. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a market cap of $5.52 billion, a PE ratio of 14.15 and a beta of 0.80. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same quarter last year, the firm posted $2.02 earnings per share. Equities analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This is an increase from UMB Financial's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. UMB Financial's payout ratio is 20.00%.

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.