Intech Investment Management LLC Has $3.49 Million Position in UMB Financial Corporation $UMBF

Key Points

• Intech Investment Management LLC increased its stake in UMB Financial Corporation by 52.5%, acquiring an additional 11,900 shares, bringing its total holdings to 34,552 shares valued at approximately $3.49 million.
• Multiple analysts have raised their price targets for UMB Financial, with Barclays setting a new target of $150.00 and an overall average target of $133.89, indicating strong investor optimism.
• Insider sales were noted, with the sale of 750 shares by insider Phillip James Mason at an average price of $120.97, representing a 7.84% decrease in his position with a total transaction value of $90,727.50.

Intech Investment Management LLC grew its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 52.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,552 shares of the bank's stock after buying an additional 11,900 shares during the period. Intech Investment Management LLC's holdings in UMB Financial were worth $3,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of UMBF. Cetera Investment Advisers purchased a new stake in UMB Financial during the 4th quarter worth about $238,000. Deutsche Bank AG increased its position in UMB Financial by 16.4% in the 4th quarter. Deutsche Bank AG now owns 88,320 shares of the bank's stock valued at $9,968,000 after acquiring an additional 12,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in UMB Financial by 73.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,648 shares of the bank's stock worth $4,813,000 after purchasing an additional 18,130 shares during the period. Nuveen Asset Management LLC increased its position in UMB Financial by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank's stock worth $48,257,000 after purchasing an additional 67,480 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of UMB Financial in the 4th quarter worth approximately $664,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UMBF has been the topic of several research reports. Piper Sandler increased their target price on UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Truist Financial lifted their price target on UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Raymond James Financial lifted their price target on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Barclays lifted their price target on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price target on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.89.

UMB Financial Price Performance

NASDAQ:UMBF traded up $3.64 during midday trading on Thursday, hitting $124.18. 481,725 shares of the stock were exchanged, compared to its average volume of 467,709. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.38 and a beta of 0.77. The business has a 50-day moving average price of $115.40 and a two-hundred day moving average price of $105.40. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million for the quarter, compared to analysts' expectations of $638.25 million. During the same quarter in the prior year, the company earned $2.16 earnings per share. The firm's revenue was up 76.7% on a year-over-year basis. Sell-side analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's payout ratio is presently 18.39%.

Insiders Place Their Bets

In other UMB Financial news, Director Greg M. Graves acquired 234 shares of UMB Financial stock in a transaction that occurred on Tuesday, September 2nd. The stock was acquired at an average price of $120.44 per share, with a total value of $28,182.96. Following the purchase, the director owned 38,034 shares in the company, valued at approximately $4,580,814.96. This trade represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shannon Andresen Johnson sold 1,367 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the transaction, the insider directly owned 34,124 shares of the company's stock, valued at approximately $4,114,671.92. This represents a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 678 shares of company stock worth $75,948 and have sold 20,845 shares worth $2,440,666. 5.45% of the stock is currently owned by company insiders.

UMB Financial Company 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.