UMB Financial Corporation $UMBF Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 11.2% during the third quarter, HoldingsChannel reports. The firm owned 1,755,496 shares of the bank’s stock after selling 220,534 shares during the period. Allspring Global Investments Holdings LLC’s holdings in UMB Financial were worth $207,675,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new position in shares of UMB Financial during the first quarter worth about $2,538,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UMB Financial by 41.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,344 shares of the bank’s stock valued at $6,101,000 after purchasing an additional 17,696 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in UMB Financial by 86.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,288 shares of the bank’s stock worth $1,082,000 after purchasing an additional 4,756 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of UMB Financial in the first quarter valued at approximately $456,000. Finally, First Trust Advisors LP raised its holdings in shares of UMB Financial by 43.0% during the second quarter. First Trust Advisors LP now owns 402,629 shares of the bank’s stock valued at $42,340,000 after buying an additional 121,043 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UMBF. Hovde Group assumed coverage on UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating on the stock. Barclays set a $155.00 price objective on shares of UMB Financial and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $135.00 price objective (down previously from $138.00) on shares of UMB Financial in a report on Thursday, October 30th. Cowen assumed coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company upped their price target on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.20.

UMB Financial Trading Down 0.4%

UMB Financial stock opened at $116.68 on Wednesday. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $126.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a market cap of $8.86 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.17 and a beta of 0.78. The company’s fifty day simple moving average is $112.59 and its 200-day simple moving average is $112.99.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The firm had revenue of $678.34 million for the quarter, compared to the consensus estimate of $661.60 million. During the same quarter in the previous year, the company posted $2.25 earnings per share. The business’s quarterly revenue was up 67.0% compared to the same quarter last year. As a group, sell-side analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. UMB Financial’s dividend payout ratio is presently 19.48%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 15,367 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the completion of the sale, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 460 shares of UMB Financial stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the completion of the transaction, the director owned 12,090 shares in the company, valued at $1,338,483.90. This trade represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,127 shares of company stock valued at $1,949,594. 5.45% of the stock is currently owned by insiders.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.