14,522 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,522 shares of the bank's stock, valued at approximately $1,639,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UMBF. Principal Financial Group Inc. raised 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 worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in UMB Financial during the third quarter worth $48,531,000. Captrust Financial Advisors raised its stake in UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock worth $41,245,000 after buying an additional 282,783 shares during the last quarter. Systematic Financial Management LP lifted its holdings in UMB Financial by 438.8% in the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock valued at $33,693,000 after buying an additional 261,055 shares during the period. Finally, Holocene Advisors LP bought a new stake in UMB Financial during the third quarter valued at $18,838,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMBF has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays raised their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Tuesday. Citigroup reissued a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $128.71.

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Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

UMB Financial Stock Down 1.6 %

UMBF traded down $1.66 during trading on Friday, hitting $100.19. 407,203 shares of the company's stock were exchanged, compared to its average volume of 492,117. The stock has a market cap of $7.28 billion, a P/E ratio of 11.14 and a beta of 0.79. The business's 50 day moving average is $110.22 and its two-hundred day moving average is $112.37. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two 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.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $2.29 EPS. As a group, equities analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.60%. UMB Financial's dividend payout ratio (DPR) is currently 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.