Bank of New York Mellon Corp Has $55.25 Million Holdings in UMB Financial Corporation (NASDAQ:UMBF)

Bank of New York Mellon Corp grew its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,483 shares of the bank's stock after buying an additional 95,339 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.72% of UMB Financial worth $55,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of UMB Financial by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock worth $537,494,000 after buying an additional 48,507 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after buying an additional 102,104 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of UMB Financial by 10.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,912,883 shares of the bank's stock worth $192,302,000 after buying an additional 174,088 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of UMB Financial by 4.3% in the first quarter. Principal Financial Group Inc. now owns 839,773 shares of the bank's stock worth $84,901,000 after buying an additional 34,583 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of UMB Financial by 16.2% in the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock worth $71,900,000 after buying an additional 88,705 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Stock Performance

UMB Financial stock traded down $1.25 on Friday, hitting $110.21. The company's stock had a trading volume of 385,630 shares, compared to its average volume of 546,986. The company has a fifty day moving average price of $103.09 and a 200-day moving average price of $104.66. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The firm has a market cap of $8.37 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted 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. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The business had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the prior year, the firm earned $2.47 EPS. The firm's quarterly revenue was up 41.4% compared to the same quarter last year. On average, equities analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 10th. UMB Financial's payout ratio is 20.13%.

Wall Street Analyst Weigh In

UMBF has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of UMB Financial from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Piper Sandler set a $135.00 price objective on shares of UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Royal Bank Of Canada cut their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America assumed coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, UMB Financial has a consensus rating of "Hold" and an average price target of $127.00.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the sale, the chief executive officer owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.