Two Sigma Advisers LP Sells 38,800 Shares of UMB Financial Co. (NASDAQ:UMBF)

Two Sigma Advisers LP cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,700 shares of the bank's stock after selling 38,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.27% of UMB Financial worth $13,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of UMB Financial in the third quarter valued at approximately $26,000. Covestor Ltd raised its holdings in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after acquiring an additional 102 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial during the third quarter worth $83,000. 1620 Investment Advisors Inc. bought a new position in shares of UMB Financial in the second quarter worth $128,000. Finally, Acropolis Investment Management LLC purchased a new position in shares of UMB Financial in the third quarter valued at $156,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

UMBF stock traded down $1.28 during midday trading on Monday, reaching $123.67. The company had a trading volume of 275,368 shares, compared to its average volume of 364,432. The firm has a 50-day moving average price of $114.87 and a 200-day moving average price of $100.38. The company has a market capitalization of $6.04 billion, a P/E ratio of 15.62 and a beta of 0.80. UMB Financial Co. has a 1 year low of $75.03 and a 1 year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its 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. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same period in the previous year, the business earned $2.02 earnings per share. On average, research analysts anticipate that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from UMB Financial's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial's dividend payout ratio (DPR) is currently 19.50%.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now owns 5,828 shares of the company's stock, valued at $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 74,603 shares of company stock worth $8,353,950 in the last quarter. 8.85% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com cut UMB Financial from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Barclays boosted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a "sector perform" rating and a $130.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and a consensus target price of $124.00.

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.