UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,599 shares of the bank's stock after acquiring an additional 34,906 shares during the quarter. AQR Capital Management LLC owned about 0.81% of UMB Financial worth $44,534,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of UMB Financial by 298.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock worth $34,051,000 after buying an additional 225,908 shares in the last quarter. Barclays PLC increased its position in shares of UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after purchasing an additional 170,375 shares during the last quarter. Norges Bank acquired a new stake in shares of UMB Financial in the 4th quarter valued at $15,835,000. Finally, Wellington Management Group LLP grew its stake in shares of UMB Financial by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after purchasing an additional 102,104 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was 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 trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.45% of the stock is owned by corporate insiders.

UMB Financial Price Performance

Shares of NASDAQ UMBF traded down $0.91 during trading on Tuesday, hitting $100.09. 425,417 shares of the company were exchanged, compared to its average volume of 520,796. The firm's fifty day moving average price is $97.68 and its 200 day moving average price is $110.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 11.13 and a beta of 0.72. UMB Financial Co. has a 1 year low of $78.56 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The company's revenue for the quarter was up 41.4% on a year-over-year basis. During the same period last year, the firm earned $2.47 EPS. On average, sell-side analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.

Analyst Ratings Changes

UMBF has been the subject of a number of research analyst reports. StockNews.com downgraded UMB Financial from a "hold" rating to a "sell" rating in a report on Friday. Morgan Stanley reduced their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company upped their target price on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Royal Bank of Canada decreased their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $137.00 target price (up from $132.00) on shares of UMB Financial in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of "Hold" and an average target price of $120.38.

UMB Financial Company Profile

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.