GSA Capital Partners LLP purchased a new position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,625 shares of the bank's stock, valued at approximately $1,218,000.
Other hedge funds have also modified their holdings of the company. Royal Bank of Canada boosted its holdings in UMB Financial by 18.4% during the 3rd quarter. Royal Bank of Canada now owns 13,817 shares of the bank's stock valued at $857,000 after acquiring an additional 2,145 shares during the period. Sei Investments Co. boosted its holdings in UMB Financial by 9.7% during the 3rd quarter. Sei Investments Co. now owns 194,109 shares of the bank's stock valued at $12,044,000 after acquiring an additional 17,164 shares during the period. Legal & General Group Plc boosted its holdings in UMB Financial by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 105,881 shares of the bank's stock valued at $6,570,000 after acquiring an additional 2,089 shares during the period. AQR Capital Management LLC boosted its holdings in UMB Financial by 439.2% during the 3rd quarter. AQR Capital Management LLC now owns 173,758 shares of the bank's stock valued at $10,782,000 after acquiring an additional 141,535 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in UMB Financial during the 3rd quarter valued at about $199,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
UMBF has been the subject of a number of research analyst reports. Barclays initiated coverage on UMB Financial in a report on Friday. They set an "equal weight" rating and a $91.00 target price for the company. Piper Sandler increased their price target on UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. Raymond James increased their price target on UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 1st. Finally, StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, UMB Financial currently has a consensus rating of "Hold" and a consensus price target of $84.17.
Get Our Latest Research Report on UMBF
Insider Activity at UMB Financial
In related news, insider Robert Brian Beaird sold 895 shares of UMB Financial stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.80, for a total value of $75,001.00. Following the sale, the insider now directly owns 5,827 shares in the company, valued at $488,302.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Robert Brian Beaird sold 895 shares of UMB Financial stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.80, for a total value of $75,001.00. Following the sale, the insider now directly owns 5,827 shares in the company, valued at $488,302.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the transaction, the chief executive officer now directly owns 252,114 shares of the company's stock, valued at $20,950,673.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,460 shares of company stock worth $530,477 over the last three months. 9.77% of the stock is currently owned by corporate insiders.
UMB Financial Trading Down 0.5 %
Shares of UMBF stock opened at $82.87 on Friday. The business's 50 day moving average is $81.28 and its two-hundred day moving average is $72.69. UMB Financial Co. has a twelve month low of $50.68 and a twelve month high of $86.24. The company has a market capitalization of $4.04 billion, a P/E ratio of 11.54 and a beta of 0.82. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.
UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. During the same period last year, the business posted $2.06 EPS. The company's revenue was up .0% on a year-over-year basis. Equities analysts forecast that UMB Financial Co. will post 7.29 EPS for the current year.
UMB Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be paid a $0.39 dividend. The ex-dividend date is Friday, March 8th. This represents a $1.56 annualized dividend and a dividend yield of 1.88%. UMB Financial's dividend payout ratio (DPR) is currently 21.73%.
UMB Financial Company Profile
(Free Report)
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 disbursem*nt, lockbox service, and remote deposit capture service.
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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).
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