Nuveen Asset Management LLC Has $48.26 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Nuveen Asset Management LLC lifted its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 427,586 shares of the bank's stock after acquiring an additional 67,480 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.88% of UMB Financial worth $48,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Freestone Grove Partners LP acquired a new stake in shares of UMB Financial during the fourth quarter worth $48,235,000. Adage Capital Partners GP L.L.C. grew its stake in UMB Financial by 298.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock valued at $34,051,000 after acquiring an additional 225,908 shares during the period. Barclays PLC grew its stake in UMB Financial by 278.8% in the third quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after acquiring an additional 170,375 shares during the period. Norges Bank acquired a new position in UMB Financial in the fourth quarter valued at about $15,835,000. Finally, Wellington Management Group LLP grew its stake in UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after acquiring an additional 102,104 shares during the period. Institutional investors own 87.78% of the company's stock.

UMB Financial Stock Performance

NASDAQ:UMBF traded down $0.63 on Friday, hitting $101.50. The company's stock had a trading volume of 633,990 shares, compared to its average volume of 518,064. The firm has a market capitalization of $7.71 billion, a P/E ratio of 11.29 and a beta of 0.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a one year low of $78.56 and a one year high of $129.94. The stock has a fifty day moving average of $98.10 and a two-hundred day moving average of $109.54.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced 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. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm's quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 earnings per share. Research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.58%. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UMBF shares. Bank of America started coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Wall Street Zen cut UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Citigroup reaffirmed a "neutral" rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Morgan Stanley reduced their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Wells Fargo & Company upped their target price on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.