3 days Ago By ABMN Staff
California Public Employees Retirement System trimmed its position in UMB Financial Co. ( NASDAQ:UMBF – Free Report ) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 83,521 shares of the bank’s stock after selling 5,579 shares during the quarter. California Public Employees Retirement System owned 0.17% of UMB Financial worth $9,426,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas grew its holdings in UMB Financial by 124.7% during the 4th quarter.
USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P.
bought a new position in shares of UMB Financial during the third quarter valued at approximately $83,000. Venturi Wealth Management LLC purchased a new position in UMB Financial during the fourth quarter valued at approximately $96,000. Steward Partners Investment Advisory LLC bought a new position in UMB Financial in the fourth quarter worth approximately $103,000.
Finally, R Squared Ltd purchased a new stake in UMB Financial during the fourth quarter worth $117,000. Institutional investors own 87.78% of the company’s stock.
Analysts Set New Price Targets UMBF has been the subject of several recent research reports. Citigroup reissued a “neutral” rating and issued a $127.00 price target (down from $130.
00) on shares of UMB Financial in a research report on Monday, February 3rd. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.
00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Piper Sandler raised their price target on shares of UMB Financial from $142.00 to $143.
00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th.
Finally, StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock.
According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.71.
UMB Financial Stock Performance Shares of UMB Financial stock opened at $86.88 on Monday. The company has a 50 day moving average price of $107.
40 and a 200 day moving average price of $112.23. The firm has a market capitalization of $6.
31 billion, a P/E ratio of 9.66 and a beta of 0.71.
The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.
11. UMB Financial Co. has a 52 week low of $76.
00 and a 52 week high of $129.94. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.
24. UMB Financial had a net margin of 15.76% and a return on equity of 13.
73%. During the same period in the previous year, the company earned $2.29 earnings per share.
Sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.
UMB Financial Dividend Announcement The company 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.
This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%.
The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s dividend payout ratio is presently 17.80%.
Insider Transactions at UMB Financial In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.
00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67.
This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.
51. Following the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30.
This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Company insiders own 5.45% of the company’s stock. About UMB Financial ( 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 disbursement, lockbox service, and remote deposit capture service. Featured Articles 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.
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