Prudential Financial Inc. Sells 66,533 Shares of UMB Financial Co. (NASDAQ:UMBF)

Prudential Financial Inc. reduced its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,199 shares of the bank's stock after selling 66,533 shares during the quarter. Prudential Financial Inc. owned about 0.05% of UMB Financial worth $2,957,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas lifted its position in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after purchasing an additional 268 shares during the period. Point72 Asset Management L.P. acquired a new position in UMB Financial in the third quarter valued at $83,000. Venturi Wealth Management LLC bought a new stake in UMB Financial during the fourth quarter valued at $96,000. Steward Partners Investment Advisory LLC acquired a new stake in UMB Financial during the 4th quarter worth about $103,000. Finally, R Squared Ltd bought a new position in shares of UMB Financial in the 4th quarter worth about $117,000. 87.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley decreased 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. Piper Sandler upped their price target on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Citigroup reiterated a "neutral" rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, UMB Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.71.

UMB Financial Stock Down 0.3 %

UMB Financial stock traded down $0.27 during midday trading on Monday, hitting $86.61. 952,072 shares of the stock were exchanged, compared to its average volume of 500,943. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The business's 50-day moving average price is $106.71 and its 200-day moving average price is $112.07. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 9.63 and a beta of 0.71.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results 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 period last year, the firm earned $2.29 earnings per share. On average, research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, March 10th. UMB Financial's dividend 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.