Man Group plc Cuts Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Man Group plc cut its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,268 shares of the bank's stock after selling 15,732 shares during the period. Man Group plc's holdings in UMB Financial were worth $1,272,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in UMB Financial during the 4th quarter worth about $2,190,000. US Bancorp DE lifted its position in shares of UMB Financial by 46.9% during the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after buying an additional 4,182 shares during the last quarter. Northern Trust Corp lifted its position in shares of UMB Financial by 16.2% during the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after buying an additional 88,705 shares during the last quarter. Inceptionr LLC purchased a new stake in shares of UMB Financial during the fourth quarter valued at about $305,000. Finally, Vontobel Holding Ltd. lifted its position in shares of UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock valued at $626,000 after buying an additional 2,877 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Price Performance

UMBF traded up $0.04 on Thursday, hitting $103.61. 63,687 shares of the company's stock were exchanged, compared to its average volume of 517,793. UMB Financial Co. has a fifty-two week low of $78.56 and a fifty-two week high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $98.14 and a 200-day moving average price of $109.33. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 11.52 and a beta of 0.72.

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

UMB Financial Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on UMBF. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Royal Bank of Canada decreased their price objective on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Piper Sandler reiterated an "overweight" rating and issued a $137.00 price target (up previously from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.33.

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.