Dimensional Fund Advisors LP Sells 79,416 Shares of UMB Financial Co. (NASDAQ:UMBF)

Dimensional Fund Advisors LP lessened its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,515,007 shares of the bank's stock after selling 79,416 shares during the period. Dimensional Fund Advisors LP owned 3.10% of UMB Financial worth $170,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UMBF. Formula Growth Ltd. bought a new position in shares of UMB Financial in the 4th quarter worth about $4,751,000. Brant Point Investment Management LLC increased its holdings in UMB Financial by 6.0% in the fourth quarter. Brant Point Investment Management LLC now owns 53,000 shares of the bank's stock worth $5,982,000 after purchasing an additional 3,000 shares in the last quarter. Marshall Wace LLP bought a new stake in UMB Financial in the fourth quarter worth approximately $237,000. NewEdge Advisors LLC lifted its stake in UMB Financial by 22.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,840 shares of the bank's stock valued at $433,000 after buying an additional 695 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of UMB Financial by 77.1% during the 4th quarter. Guggenheim Capital LLC now owns 17,827 shares of the bank's stock worth $2,012,000 after buying an additional 7,759 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Stock Up 0.3 %

NASDAQ:UMBF traded up $0.33 during trading hours on Tuesday, hitting $96.26. 84,211 shares of the company traded hands, compared to its average volume of 527,576. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.31 billion, a PE ratio of 10.70 and a beta of 0.71. The firm's 50-day simple moving average is $98.64 and its 200-day simple moving average is $110.50. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating 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 quarter last year, the company earned $2.29 EPS. Equities analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Piper Sandler upped their price objective 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 restated a "sector perform" rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Morgan Stanley dropped their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, Bank of America assumed coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, UMB Financial currently has an average rating of "Moderate Buy" and a consensus price target of $122.13.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This trade 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.

UMB Financial 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.