GW&K Investment Management LLC Has $64.75 Million Stock Holdings in UMB Financial Corporation (NASDAQ:UMBF)

GW&K Investment Management LLC trimmed its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 640,443 shares of the bank's stock after selling 9,729 shares during the quarter. GW&K Investment Management LLC owned about 0.84% of UMB Financial worth $64,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 48,507 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after purchasing an additional 102,104 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in UMB Financial by 10.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,912,883 shares of the bank's stock valued at $192,302,000 after acquiring an additional 174,088 shares during the period. Principal Financial Group Inc. raised its position in shares of UMB Financial by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 839,773 shares of the bank's stock worth $84,901,000 after acquiring an additional 34,583 shares in the last quarter. Finally, Northern Trust Corp increased its position in UMB Financial by 16.2% during the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after buying an additional 88,705 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on UMBF shares. Royal Bank Of Canada lowered their price objective on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Piper Sandler set a $135.00 price objective on UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. Truist Financial set a $128.00 price objective on UMB Financial and gave the stock a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company increased their target price on shares of UMB Financial from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, Barclays lifted their target price on shares of UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $127.00.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer owned 288,945 shares in the company, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.45% of the company's stock.

UMB Financial Stock Up 0.3%

Shares of UMBF opened at $109.73 on Monday. The firm has a market cap of $8.33 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.46 and a beta of 0.74. The stock has a 50 day simple moving average of $103.80 and a two-hundred day simple moving average of $104.52. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $129.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The company had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. During the same period in the previous year, the company posted $2.47 EPS. The firm's revenue was up 41.4% on a year-over-year basis. On average, analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Tuesday, June 10th. UMB Financial's payout ratio is 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.

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