Walleye Capital LLC Purchases 15,397 Shares of UMB Financial Co. (NASDAQ:UMBF)

Walleye Capital LLC grew its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 701.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,592 shares of the bank's stock after purchasing an additional 15,397 shares during the quarter. Walleye Capital LLC's holdings in UMB Financial were worth $1,985,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings 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 period. Barclays PLC grew its holdings in shares of UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after buying an additional 170,375 shares during the period. Norges Bank bought a new stake in shares of UMB Financial in the 4th quarter valued at $15,835,000. Wellington Management Group LLP lifted its holdings in UMB Financial by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after acquiring an additional 102,104 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in UMB Financial during the fourth quarter worth about $11,357,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Buying and Selling at UMB Financial

In other 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 value of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

UMB Financial Stock Performance

Shares of UMBF stock opened at $91.51 on Friday. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94. The company's fifty day simple moving average is $100.79 and its 200-day simple moving average is $110.81. The firm has a market cap of $6.65 billion, a PE ratio of 10.18 and a beta of 0.71. 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 issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $2.29 EPS. Equities research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.75%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Wells Fargo & Company reduced their price target on shares of UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lowered their price objective on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and an average target price of $122.13.

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.

Want to see what other hedge funds are holding UMBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMB Financial Co. (NASDAQ:UMBF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.