Janus Henderson Group PLC Reduces Holdings in UMB Financial Co. (NASDAQ:UMBF)

Janus Henderson Group PLC lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 72.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,524 shares of the bank's stock after selling 11,922 shares during the period. Janus Henderson Group PLC's holdings in UMB Financial were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UMBF. Freestone Grove Partners LP bought a new stake in shares of UMB Financial in the 4th quarter valued at approximately $48,235,000. Adage Capital Partners GP L.L.C. boosted its stake in UMB Financial by 298.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock valued at $34,051,000 after acquiring an additional 225,908 shares during the last quarter. Barclays PLC boosted its stake in UMB Financial by 278.8% in the third quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after acquiring an additional 170,375 shares during the last quarter. Norges Bank bought a new stake in shares of UMB Financial in the 4th quarter valued at $15,835,000. Finally, Wellington Management Group LLP increased its position 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 valued at $228,122,000 after buying an additional 102,104 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Analysts Set New Price Targets

UMBF has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Royal Bank of Canada decreased their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Citigroup reissued a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.33.

UMB Financial Stock Down 1.2%

Shares of UMBF traded down $1.23 during mid-day trading on Wednesday, hitting $104.08. 276,108 shares of the company traded hands, compared to its average volume of 517,904. UMB Financial Co. has a 1-year low of $78.56 and a 1-year 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 company has a market capitalization of $7.90 billion, a PE ratio of 11.58 and a beta of 0.72. The business has a 50 day moving average of $98.11 and a 200 day moving average of $109.37.

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 for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same quarter last year, the firm posted $2.47 EPS. The firm's revenue for the quarter was up 41.4% on a year-over-year basis. Equities research analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is 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.