Point72 Asset Management L.P. Has $19.93 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Point72 Asset Management L.P. increased its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 22,173.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,627 shares of the bank's stock after buying an additional 175,834 shares during the period. Point72 Asset Management L.P. owned 0.36% of UMB Financial worth $19,934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of UMBF. Barclays PLC raised its holdings in shares of UMB Financial by 278.8% during the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock worth $24,329,000 after acquiring an additional 170,375 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of UMB Financial during the fourth quarter worth $1,443,000. Park Avenue Securities LLC purchased a new position in shares of UMB Financial in the 4th quarter valued at about $284,000. Wedge Capital Management L L P NC raised its holdings in shares of UMB Financial by 28.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 57,820 shares of the bank's stock valued at $6,526,000 after purchasing an additional 12,943 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its position in shares of UMB Financial by 6.3% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 4,863 shares of the bank's stock worth $549,000 after acquiring an additional 289 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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. Barclays dropped their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Bank of America assumed coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Citigroup reiterated a "neutral" rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.33.

UMB Financial Stock Performance

NASDAQ:UMBF traded down $3.83 during trading hours on Wednesday, hitting $102.37. 408,152 shares of the company traded hands, compared to its average volume of 515,444. UMB Financial Co. has a twelve month low of $78.56 and a twelve month high of $129.94. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 11.39 and a beta of 0.72. The firm has a 50-day moving average of $98.09 and a 200 day moving average of $109.89. 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 (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The company had revenue of $563.84 million for the quarter, compared to analysts' expectations of $555.79 million. During the same quarter in the prior year, the business earned $2.47 earnings per share. The business's revenue for the quarter was up 41.4% on a year-over-year basis. On average, analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, June 10th. UMB Financial's payout ratio is 20.13%.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.45% of the stock is owned by corporate insiders.

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.