B. Metzler seel. Sohn & Co. AG Invests $6.26 Million in UMB Financial Corporation $UMBF

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a $6.26 million position in UMB Financial, purchasing 43,882 shares and owning approximately 0.06% of the company. Institutional investors collectively hold 87.78% of UMBF’s outstanding shares.
• Analyst sentiment is favorable, with UMB Financial receiving a consensus “Moderate Buy” rating and an average price target of $165.00. Recent coverage includes overweight ratings and price targets ranging from $159 to $180.
• UMB Financial beat quarterly earnings expectations, reporting $3.57 in EPS versus $3.12 expected and revenue of $778 million. The company also raised its quarterly dividend to $0.50 per share, implying a 1.4% annual yield.

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,882 shares of the bank's stock, valued at approximately $6,265,000. B. Metzler seel. Sohn & Co. AG owned 0.06% of UMB Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in UMB Financial in the first quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of UMB Financial during the 4th quarter valued at $27,000. Axiom Investment Management LLC bought a new stake in shares of UMB Financial during the 1st quarter worth $28,000. Hilton Head Capital Partners LLC bought a new stake in shares of UMB Financial during the 4th quarter worth $34,000. Finally, Torren Management LLC purchased a new position in shares of UMB Financial in the 4th quarter worth about $37,000. Institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens assumed coverage on shares of UMB Financial in a research note on Tuesday, July 14th. They issued an "overweight" rating and a $167.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of UMB Financial in a research note on Thursday. They set an "overweight" rating and a $180.00 price target for the company. Citigroup reaffirmed a "neutral" rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Morgan Stanley upped their price objective on UMB Financial from $143.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, June 29th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of UMB Financial in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.00.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 15,062 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the transaction, the chief executive officer directly owned 1,491,138 shares in the company, valued at $221,508,549.90. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Charles Gallagher sold 360 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $145.13, for a total transaction of $52,246.80. Following the transaction, the director owned 11,863 shares in the company, valued at approximately $1,721,677.19. This trade represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,171 shares of company stock valued at $4,919,826 over the last quarter. Insiders own 5.33% of the company's stock.

UMB Financial Stock Down 0.5%

Shares of UMBF stock opened at $145.14 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial Corporation has a one year low of $103.38 and a one year high of $153.32. The company's fifty day moving average price is $143.83 and its 200-day moving average price is $130.39. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.71 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The company had revenue of $778.00 million during the quarter, compared to analysts' expectations of $727.63 million. During the same period last year, the company posted $2.96 earnings per share. Sell-side analysts expect that UMB Financial Corporation will post 13.48 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from UMB Financial's previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. UMB Financial's dividend payout ratio is currently 16.65%.

About UMB Financial

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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