Massachusetts Financial Services Co. MA Reduces Position in UMB Financial Corporation $UMBF

Key Points

• Massachusetts Financial Services Co. MA trimmed its UMB Financial stake by 3.4%, selling 12,462 shares to hold 353,241 shares (about 0.47%) valued at roughly $40.64 million, while overall institutional ownership stands at about 87.8%.
• Insider selling accelerated recently: insiders sold 19,102 shares in the last three months including CEO J. Mariner Kemper’s sale of 15,214 shares (≈$1.96M), leaving company insiders with 5.33% ownership.
• Analyst outlook and results: the stock carries a consensus "Moderate Buy" with a $138.18 average target; UMBF beat EPS expectations ($3.08 vs. $2.71) but missed revenue estimates, and the shares trade near $120.63.

Massachusetts Financial Services Co. MA cut its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,241 shares of the bank's stock after selling 12,462 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.47% of UMB Financial worth $40,637,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UMBF. Envestnet Asset Management Inc. boosted its position in UMB Financial by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank's stock valued at $21,625,000 after buying an additional 4,589 shares during the last quarter. Steele Capital Management Inc. purchased a new position in UMB Financial during the 3rd quarter worth approximately $1,468,000. Strs Ohio raised its position in UMB Financial by 10.7% during the 3rd quarter. Strs Ohio now owns 119,700 shares of the bank's stock worth $14,166,000 after buying an additional 11,600 shares during the last quarter. Tributary Capital Management LLC lifted its stake in UMB Financial by 82.9% during the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank's stock valued at $32,872,000 after acquiring an additional 125,924 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of UMB Financial by 660.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,070 shares of the bank's stock valued at $3,086,000 after acquiring an additional 22,640 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In other news, Director Kevin Charles Gallagher sold 388 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the transaction, the director owned 12,488 shares in the company, valued at $1,614,698.40. This trade represents a 3.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of UMB Financial stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares in the company, valued at $193,682,258. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 19,102 shares of company stock valued at $2,458,247. Company insiders own 5.33% of the company's stock.

Analysts Set New Price Targets

UMBF has been the topic of a number of research reports. Barclays reiterated an "overweight" rating and issued a $160.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $143.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. TD Cowen reaffirmed a "buy" rating on shares of UMB Financial in a research report on Thursday, January 29th. Weiss Ratings raised UMB Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the stock an "outperform" rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.18.

UMB Financial Stock Up 0.1%

UMBF stock opened at $120.63 on Wednesday. The firm has a market cap of $9.18 billion, a PE ratio of 13.21, a P/E/G ratio of 0.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The firm's fifty day moving average is $118.91 and its 200 day moving average is $116.93. UMB Financial Corporation has a one year low of $88.47 and a one year high of $136.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company's revenue was up 66.0% compared to the same quarter last year. On average, research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th were given a dividend of $0.43 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. UMB Financial's dividend payout ratio is currently 18.84%.

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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