Wellington Management Group LLP Purchases 102,104 Shares of UMB Financial Co. (NASDAQ:UMBF)

Wellington Management Group LLP boosted its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,021,285 shares of the bank's stock after purchasing an additional 102,104 shares during the period. Wellington Management Group LLP owned approximately 2.78% of UMB Financial worth $228,122,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UMBF. Principal Financial Group Inc. increased its position in shares of UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after acquiring an additional 694,751 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in UMB Financial during the 3rd quarter valued at $48,531,000. Systematic Financial Management LP raised its holdings in UMB Financial by 438.8% in the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock worth $33,693,000 after purchasing an additional 261,055 shares in the last quarter. Barclays PLC lifted its position in shares of UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock worth $24,329,000 after purchasing an additional 170,375 shares during the period. Finally, Norges Bank bought a new stake in shares of UMB Financial during the 4th quarter valued at about $15,835,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Stock Up 0.3 %

UMBF stock traded up $0.28 during midday trading on Monday, hitting $87.16. The company's stock had a trading volume of 205,179 shares, compared to its average volume of 498,087. The firm's 50-day moving average is $107.40 and its 200-day moving average is $112.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94. The company has a market cap of $6.33 billion, a PE ratio of 9.67 and a beta of 0.71.

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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 analysts' consensus estimates 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 in the prior year, the company earned $2.29 EPS. On average, equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. UMB Financial's payout ratio is 17.80%.

Analysts Set New Price Targets

UMBF has been the subject of several research analyst reports. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday. Morgan Stanley reduced their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Piper Sandler raised their price objective on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Citigroup restated a "neutral" rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and a consensus price target of $128.71.

Insider Activity at UMB Financial

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

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.