Natixis Advisors LLC Acquires 9,803 Shares of UMB Financial Co. (NASDAQ:UMBF)

Natixis Advisors LLC lifted its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 51.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,935 shares of the bank's stock after buying an additional 9,803 shares during the period. Natixis Advisors LLC owned approximately 0.06% of UMB Financial worth $3,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Millennium Management LLC lifted its position in UMB Financial by 567.1% during the 2nd quarter. Millennium Management LLC now owns 733,734 shares of the bank's stock worth $61,208,000 after acquiring an additional 623,751 shares during the period. Vanguard Group Inc. grew its stake in shares of UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank's stock valued at $409,321,000 after purchasing an additional 394,578 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of UMB Financial by 102.7% during the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank's stock worth $62,780,000 after purchasing an additional 381,278 shares during the last quarter. Finally, Emerald Advisers LLC acquired a new stake in shares of UMB Financial during the third quarter worth $12,867,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

Shares of NASDAQ UMBF traded up $1.87 during trading on Friday, reaching $125.00. The stock had a trading volume of 351,661 shares, compared to its average volume of 461,581. The firm's 50 day moving average price is $110.81 and its two-hundred day moving average price is $97.37. UMB Financial Co. has a one year low of $69.96 and a one year high of $128.73. The stock has a market cap of $6.10 billion, a PE ratio of 15.63 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million for the quarter, compared to the consensus estimate 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 last year, the business posted $2.02 EPS. On average, research analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This is a boost from UMB Financial's previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, December 10th. UMB Financial's payout ratio is currently 19.50%.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the transaction, the chief executive officer now directly owns 1,600,904 shares of the company's stock, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 5,828 shares of the company's stock, valued at approximately $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,303 shares of company stock worth $5,830,165 in the last 90 days. Corporate insiders own 8.85% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UMBF shares. StockNews.com downgraded UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday. Piper Sandler raised their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their target price 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. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a "buy" rating and a $127.00 price objective on the stock. Finally, Barclays raised their price target on UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, UMB Financial presently has an average rating of "Moderate Buy" and an average price target of $122.00.

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.