Vontobel Holding Ltd. Buys 2,877 Shares of UMB Financial Co. (NASDAQ:UMBF)

Vontobel Holding Ltd. lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 107.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,545 shares of the bank's stock after purchasing an additional 2,877 shares during the period. Vontobel Holding Ltd.'s holdings in UMB Financial were worth $626,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Cerity Partners LLC increased its stake in shares of UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock valued at $2,236,000 after acquiring an additional 18,817 shares during the period. Principal Financial Group Inc. boosted its stake in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after buying an additional 694,751 shares during the period. Natixis Advisors LLC boosted its stake in shares of UMB Financial by 51.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank's stock valued at $3,041,000 after buying an additional 9,803 shares during the period. King Luther Capital Management Corp boosted its stake in shares of UMB Financial by 229.6% during the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock valued at $4,952,000 after buying an additional 32,820 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock valued at $117,139,000 after buying an additional 21,091 shares during the period. Institutional investors own 87.78% of the company's stock.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares of the company's stock, 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. Insiders own 8.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UMBF. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Morgan Stanley started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price target on the stock. Wells Fargo & Company upped their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Piper Sandler boosted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $130.14.

UMB Financial Stock Down 2.8 %

UMBF stock traded down $3.06 during midday trading on Friday, hitting $106.91. The company's stock had a trading volume of 147,168 shares, compared to its average volume of 810,827. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company's fifty day moving average price is $115.63 and its 200 day moving average price is $111.43. The stock has a market capitalization of $5.22 billion, a P/E ratio of 11.88 and a beta of 0.82.

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 (EPS) 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 company posted $2.29 earnings per share. As a group, equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's dividend payout ratio (DPR) is 17.80%.

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.