Nomura Holdings Inc. Makes New Investment in UMB Financial Co. (NASDAQ:UMBF)

Nomura Holdings Inc. acquired a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,881 shares of the bank's stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in UMB Financial in the 4th quarter valued at about $2,190,000. US Bancorp DE raised its position in shares of UMB Financial by 46.9% during the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after buying an additional 4,182 shares during the period. Northern Trust Corp lifted its holdings in UMB Financial by 16.2% in the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after acquiring an additional 88,705 shares during the last quarter. Inceptionr LLC purchased a new position in UMB Financial in the fourth quarter worth approximately $305,000. Finally, Vontobel Holding Ltd. increased its stake in UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock worth $626,000 after acquiring an additional 2,877 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UMBF. Bank of America began coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $137.00 price target (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. Royal Bank of Canada reduced their price target on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Finally, Morgan Stanley lowered 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.33.

UMB Financial Trading Down 0.6%

NASDAQ:UMBF traded down $0.63 on Monday, reaching $101.50. 633,990 shares of the company's stock were exchanged, compared to its average volume of 518,064. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.29 and a beta of 0.72. UMB Financial Co. has a 52-week low of $78.56 and a 52-week high of $129.94. 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 business has a fifty day moving average of $98.10 and a 200-day moving average of $109.54.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.37. The firm had revenue of $563.84 million for 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 firm's revenue for the quarter was up 41.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.47 EPS. As a group, analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 1.58%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 20.13%.

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.