Envestnet Asset Management Inc. Grows Stake in UMB Financial Corporation $UMBF

Envestnet Asset Management Inc. increased its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 2.6% in the 3rd quarter, Holdings Channel reports. The firm owned 182,721 shares of the bank’s stock after purchasing an additional 4,589 shares during the period. Envestnet Asset Management Inc.’s holdings in UMB Financial were worth $21,625,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of UMB Financial by 28.2% during the first quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after acquiring an additional 9,417 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of UMB Financial by 47.0% during the first quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock worth $570,000 after purchasing an additional 1,803 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in UMB Financial by 65.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after purchasing an additional 82,083 shares during the last quarter. Jane Street Group LLC lifted its holdings in UMB Financial by 161.7% in the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock valued at $5,043,000 after purchasing an additional 30,820 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in UMB Financial by 3.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,931 shares of the bank’s stock worth $624,000 after purchasing an additional 170 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMBF stock opened at $128.77 on Friday. The business’s fifty day moving average price is $122.41 and its 200 day moving average price is $117.35. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $136.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $9.78 billion, a PE ratio of 14.10, a P/E/G ratio of 0.93 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.37. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.UMB Financial’s revenue was up 66.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 EPS. On average, sell-side analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio is presently 18.84%.

Wall Street Analysts Forecast Growth

UMBF has been the subject of a number of recent research reports. Citigroup increased their target price on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a report on Thursday, January 29th. Barclays restated an “overweight” rating and set a $160.00 price target on shares of UMB Financial in a report on Thursday, January 29th. Truist Financial set a $150.00 price target on shares of UMB Financial in a research report on Friday, January 30th. Finally, Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the stock an “outperform” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the sale, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. This represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greg M. Graves purchased 220 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of $127.83 per share, with a total value of $28,122.60. Following the purchase, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. This represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 34,469 shares of company stock valued at $4,218,998 in the last ninety days. Company insiders own 5.45% of the company’s stock.

UMB Financial Company 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.