XTX Topco Ltd Takes Position in UMB Financial Co. (NASDAQ:UMBF)

XTX Topco Ltd bought a new stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,019 shares of the bank's stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. USA Financial Formulas lifted its stake in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after buying an additional 268 shares in the last quarter. Covestor Ltd boosted its stake in UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of UMB Financial in the 4th quarter worth $96,000. Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial during the fourth quarter valued at $103,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial during the fourth quarter valued at $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

Shares of UMB Financial stock traded down $1.09 during midday trading on Monday, hitting $90.42. The company had a trading volume of 453,257 shares, compared to its average volume of 521,896. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 10.06 and a beta of 0.71. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. 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 company has a fifty day simple moving average of $100.79 and a 200 day simple moving average of $110.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating 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 in the prior year, the firm posted $2.29 EPS. As a group, analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

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 $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.77%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Analyst Upgrades and Downgrades

UMBF has been the subject of several research reports. Wells Fargo & Company decreased their price objective 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. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Barclays cut their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup restated a "neutral" rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.13.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is owned by corporate insiders.

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.