California Public Employees Retirement System Has $14.98 Million Holdings in UMB Financial Corporation $UMBF

California Public Employees Retirement System raised its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,821 shares of the bank’s stock after acquiring an additional 4,928 shares during the period. California Public Employees Retirement System owned approximately 0.17% of UMB Financial worth $14,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in UMB Financial by 28.2% during the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock worth $4,329,000 after purchasing an additional 9,417 shares during the last quarter. NewEdge Advisors LLC increased its position in UMB Financial by 47.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock worth $570,000 after buying an additional 1,803 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in UMB Financial by 65.2% during 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 worth $21,017,000 after buying an additional 82,083 shares during the period. Jane Street Group LLC lifted its holdings in shares of UMB Financial by 161.7% during the first quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after buying an additional 30,820 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of UMB Financial by 6.8% during the second quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock worth $445,000 after buying an additional 269 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

UMBF stock opened at $139.12 on Friday. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50 day simple moving average of $136.81 and a 200 day simple moving average of $126.87. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $148.31.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $2.58 earnings per share. Research analysts anticipate that UMB Financial Corporation will post 12.85 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. UMB Financial’s dividend payout ratio (DPR) is 15.26%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the sale, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. The trade was a 11.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.33% of the company’s stock.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several research reports. Citigroup upped their price target on shares of UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Royal Bank Of Canada boosted their price objective on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Hovde Group increased their target price on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Zacks Research cut shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley lifted their price target on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $152.17.

About UMB Financial

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.