Orion Portfolio Solutions LLC Takes $1.12 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Orion Portfolio Solutions LLC purchased a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,656 shares of the bank's stock, valued at approximately $1,120,000.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of UMB Financial in the third quarter valued at about $26,000. Covestor Ltd increased its holdings in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after purchasing an additional 102 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial in the third quarter valued at approximately $83,000. 1620 Investment Advisors Inc. bought a new position in UMB Financial during the 2nd quarter worth $128,000. Finally, Acropolis Investment Management LLC bought a new stake in shares of UMB Financial during the 3rd quarter valued at $156,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares of the company's stock, valued at $719,058.64. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UMBF has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a research note on Monday, December 2nd. Royal Bank of Canada began coverage on UMB Financial in a research report on Friday, November 22nd. They set a "sector perform" rating and a $130.00 price objective for the company. Citigroup initiated coverage on UMB Financial in a research report on Thursday, October 10th. They issued a "buy" rating and a $127.00 target price on the stock. Finally, Barclays raised their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.00.

UMB Financial Trading Down 0.1 %

UMBF traded down $0.18 during trading on Friday, reaching $122.18. 310,641 shares of the company's stock were exchanged, compared to its average volume of 298,654. 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 Co. has a one year low of $76.00 and a one year high of $129.94. The firm has a fifty day moving average price of $116.95 and a two-hundred day moving average price of $101.70. The stock has a market capitalization of $5.96 billion, a PE ratio of 15.27 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million for the quarter, compared to analysts' expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the previous year, the firm posted $2.02 earnings per share. As a group, equities 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 announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from UMB Financial's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.31%. UMB Financial's dividend payout ratio is presently 20.00%.

About UMB Financial

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.