Junto Capital Management LP Acquires Shares of 412,747 UMB Financial Corporation $UMBF

Key Points

• Junto Capital Management acquired 412,747 shares of UMB Financial, valued at approximately $58.9 million, representing a 0.54% stake. Institutional investors collectively own 87.78% of the company.
• Analysts maintain a generally positive outlook, with UMB Financial receiving a consensus “Moderate Buy” rating and an average price target of $168.92. The bank also exceeded quarterly earnings and revenue estimates, reporting $3.57 in EPS and $778 million in revenue.
• UMB Financial raised its quarterly dividend from $0.43 to $0.50 per share, equivalent to a $2.00 annualized dividend and a 1.4% yield.

Junto Capital Management LP bought a new position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 412,747 shares of the bank's stock, valued at approximately $58,924,000. Junto Capital Management LP owned 0.54% of UMB Financial at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UMBF. California State Teachers Retirement System lifted its position in shares of UMB Financial by 13,612.7% in the 2nd quarter. California State Teachers Retirement System now owns 11,954,437 shares of the bank's stock valued at $1,706,615,000 after acquiring an additional 11,867,259 shares in the last quarter. BlackRock Inc. purchased a new position in UMB Financial during the 2nd quarter worth approximately $1,458,386,000. UMB Bank n.a. raised its stake in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank's stock valued at $553,322,000 after purchasing an additional 493,875 shares during the period. State Street Corp raised its stake in UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank's stock valued at $453,461,000 after purchasing an additional 313,414 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank's stock valued at $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In related news, Director Greg Graves purchased 573 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, for a total transaction of $79,990.80. Following the purchase, the director owned 40,463 shares in the company, valued at $5,648,634.80. The trade was a 1.44% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nikki Farentino Newton sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total value of $297,200.00. Following the completion of the transaction, the insider directly owned 11,981 shares in the company, valued at $1,780,376.60. The trade was a 14.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,544 shares of company stock valued at $3,775,862 in the last three months. 5.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UMBF has been the topic of a number of research analyst reports. Stephens started coverage on UMB Financial in a report on Tuesday, July 14th. They set an "overweight" rating and a $167.00 price target on the stock. Morgan Stanley increased their price objective on UMB Financial from $159.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a research note on Thursday, July 30th. Citigroup reaffirmed a "neutral" rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Finally, Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the stock an "equal weight" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, UMB Financial currently has an average rating of "Moderate Buy" and a consensus price target of $168.92.

UMB Financial Price Performance

Shares of UMBF opened at $141.22 on Thursday. The firm has a market cap of $10.73 billion, a PE ratio of 11.76, a PEG ratio of 0.70 and a beta of 0.77. The firm's 50 day moving average price is $144.85 and its 200 day moving average price is $131.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Corporation has a twelve month low of $68.92 and a twelve month high of $144.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period in the previous year, the firm posted $2.96 earnings per share. As a group, research analysts expect that UMB Financial Corporation will post 13.5 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from UMB Financial's previous quarterly dividend of $0.43. UMB Financial's dividend payout ratio (DPR) is presently 14.32%.

UMB Financial Profile

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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