Janus Henderson Group PLC Sells 11,922 Shares of UMB Financial Co. (NASDAQ:UMBF)

Janus Henderson Group PLC decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 72.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 large investors have also recently modified their holdings of the stock. Fiduciary Trust Co bought a new stake in shares of UMB Financial during the 4th quarter valued at about $269,000. Deutsche Bank AG boosted its stake in UMB Financial by 16.4% during the fourth quarter. Deutsche Bank AG now owns 88,320 shares of the bank's stock worth $9,968,000 after acquiring an additional 12,423 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in UMB Financial by 5.8% during the fourth quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock worth $266,000 after acquiring an additional 130 shares in the last quarter. Crestline Management LP boosted its stake in UMB Financial by 219.5% during the fourth quarter. Crestline Management LP now owns 12,129 shares of the bank's stock worth $1,369,000 after acquiring an additional 8,333 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in UMB Financial by 103.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 82,060 shares of the bank's stock worth $9,261,000 after acquiring an additional 41,762 shares in the last quarter. Institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

Shares of UMBF traded up $3.81 during mid-day trading on Tuesday, reaching $105.31. The stock had a trading volume of 647,627 shares, compared to its average volume of 518,767. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The business has a fifty day moving average of $98.06 and a 200 day moving average of $109.39. UMB Financial Co. has a 12 month low of $78.56 and a 12 month high of $129.94. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 11.71 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the prior year, the business earned $2.47 earnings per share. UMB Financial's revenue for the quarter was up 41.4% on a year-over-year basis. Equities analysts predict 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. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. UMB Financial's dividend payout ratio is 20.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UMBF shares. Wells Fargo & Company boosted 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 note on Thursday, May 1st. Piper Sandler reissued an "overweight" rating and set a $137.00 price objective (up previously from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. Citigroup reaffirmed a "neutral" rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.33.

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.