MetLife Investment Management LLC grew its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,299 shares of the bank's stock after purchasing an additional 3,918 shares during the period. MetLife Investment Management LLC owned approximately 0.11% of UMB Financial worth $5,790,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock worth $537,494,000 after acquiring an additional 48,507 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after buying an additional 102,104 shares in the last quarter. Principal Financial Group Inc. increased its holdings in UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after acquiring an additional 694,751 shares in the last quarter. JPMorgan Chase & Co. raised its position in UMB Financial by 31.0% during the fourth quarter. JPMorgan Chase & Co. now owns 415,607 shares of the bank's stock worth $46,905,000 after acquiring an additional 98,427 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in UMB Financial by 31.4% in the 4th quarter. Invesco Ltd. now owns 309,980 shares of the bank's stock valued at $34,984,000 after buying an additional 74,038 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Bank of America initiated coverage on UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target for the company. Piper Sandler raised their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Morgan Stanley dropped their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and a consensus price target of $122.13.
Read Our Latest Stock Report on UMBF
Insider Activity
In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction on 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 owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.
UMB Financial Trading Down 1.1 %
Shares of NASDAQ:UMBF traded down $1.11 during trading on Friday, reaching $95.66. 465,936 shares of the stock were exchanged, compared to its average volume of 529,520. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 10.64 and a beta of 0.71. 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 12-month low of $76.00 and a 12-month high of $129.94. The firm's 50-day moving average price is $98.98 and its 200 day moving average price is $110.55.
UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 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 in the prior year, the firm posted $2.29 EPS. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's payout ratio is 17.80%.
UMB Financial Company Profile
(
Free Report)
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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