Sei Investments Co. Has $28.57 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Sei Investments Co. grew its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 253,169 shares of the bank's stock after acquiring an additional 12,206 shares during the quarter. Sei Investments Co. owned approximately 0.52% of UMB Financial worth $28,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in UMBF. Principal Financial Group Inc. increased its stake in UMB Financial by 403.7% during 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 last quarter. Zurich Insurance Group Ltd FI acquired a new stake in UMB Financial during the third quarter worth about $48,531,000. Captrust Financial Advisors lifted its holdings in UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock worth $41,245,000 after acquiring an additional 282,783 shares during the last quarter. Systematic Financial Management LP boosted its stake 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 acquiring an additional 261,055 shares during the period. Finally, Holocene Advisors LP bought a new position in shares of UMB Financial during the third quarter valued at approximately $18,838,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMB Financial stock traded down $1.66 during trading hours on Friday, hitting $100.19. 407,203 shares of the company traded hands, compared to its average volume of 492,117. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The firm has a market cap of $7.28 billion, a P/E ratio of 11.14 and a beta of 0.79. The firm's 50-day simple moving average is $109.83 and its two-hundred day simple moving average is $112.44. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.

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UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data 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 quarter last year, the firm earned $2.29 EPS. As a group, analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.60%. UMB Financial's dividend payout ratio is currently 17.80%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UMBF shares. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Tuesday. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler raised their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, UMB Financial has an average rating of "Hold" and an average price target of $128.71.

UMB Financial 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.