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

Janus Henderson Group PLC lessened its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 72.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,524 shares of the bank's stock after selling 11,922 shares during the quarter. Janus Henderson Group PLC's holdings in UMB Financial were worth $511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Covestor Ltd lifted its position in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after buying an additional 124 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in UMB Financial in the fourth quarter valued at $96,000. Steward Partners Investment Advisory LLC purchased a new stake in UMB Financial in the fourth quarter valued at $103,000. R Squared Ltd acquired a new position in UMB Financial in the fourth quarter valued at $117,000. Finally, HighTower Advisors LLC purchased a new position in shares of UMB Financial during the fourth quarter worth about $201,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UMBF shares. Royal Bank of Canada decreased their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Piper Sandler reiterated an "overweight" rating and set a $137.00 price target (up previously from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. Citigroup restated 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. Morgan Stanley reduced 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, Barclays lowered their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.33.

UMB Financial Stock Performance

UMBF stock traded up $0.22 during midday trading on Thursday, reaching $103.79. The company had a trading volume of 304,446 shares, compared to its average volume of 518,880. 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 stock has a 50 day moving average price of $98.11 and a 200 day moving average price of $109.17. The firm has a market capitalization of $7.88 billion, a PE ratio of 11.55 and a beta of 0.72. UMB Financial Co. has a fifty-two week low of $78.91 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. UMB Financial's revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.47 earnings per share. Analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.

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.