AQR Capital Management LLC Boosts Position in UMB Financial Co. (NASDAQ:UMBF)

AQR Capital Management LLC raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 9.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 394,599 shares of the bank's stock after acquiring an additional 34,906 shares during the period. AQR Capital Management LLC owned approximately 0.81% of UMB Financial worth $44,534,000 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 boosted its stake 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 during the last quarter. Covestor Ltd lifted its holdings in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of UMB Financial in the fourth quarter worth about $96,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of UMB Financial during the fourth quarter worth about $103,000. Finally, R Squared Ltd bought a new position in shares of UMB Financial during the 4th quarter valued at about $117,000. 87.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred 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 directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $137.00 target price (up previously from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. StockNews.com downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Royal Bank of Canada decreased their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Finally, Morgan Stanley reduced their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $120.38.

UMB Financial Stock Performance

Shares of UMBF stock traded up $2.67 on Thursday, hitting $104.01. 124,817 shares of the stock were exchanged, compared to its average volume of 520,072. UMB Financial Co. has a one year low of $78.56 and a one year high of $129.94. The firm's 50 day moving average is $97.33 and its two-hundred day moving average is $109.94. The firm has a market capitalization of $7.90 billion, a PE ratio of 11.58 and a beta of 0.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 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 analyst estimates of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. UMB Financial's revenue was up 41.4% compared to the same quarter last year. During the same period last year, the business earned $2.47 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 20.13%.

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.