UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,546 shares of the bank's stock after selling 39,840 shares during the period. Massachusetts Financial Services Co. MA owned 0.95% of UMB Financial worth $52,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UMBF. Headlands Technologies LLC boosted its position in UMB Financial by 510.5% during the fourth quarter. Headlands Technologies LLC now owns 8,632 shares of the bank's stock worth $974,000 after acquiring an additional 7,218 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of UMB Financial during the 4th quarter worth approximately $3,290,000. Franklin Resources Inc. grew its position in shares of UMB Financial by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 308,544 shares of the bank's stock valued at $34,822,000 after purchasing an additional 26,186 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after purchasing an additional 102,104 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of UMB Financial by 7.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank's stock valued at $1,038,000 after purchasing an additional 653 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UMBF. Royal Bank of Canada restated a "sector perform" rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Piper Sandler lifted their target price 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. Morgan Stanley decreased their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Citigroup reiterated a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.71.

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Insider Buying and Selling

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

UMB Financial Stock Down 4.4 %

Shares of NASDAQ UMBF opened at $86.88 on Friday. 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 is $107.40 and its two-hundred day moving average is $112.18. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 9.66 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business posted $2.29 EPS. 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 was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, March 10th. UMB Financial's dividend payout ratio (DPR) is currently 17.80%.

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.

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