Public Employees Retirement System of Ohio Has $4.61 Million Stock Position in UMB Financial Corporation $UMBF

Key Points

• The Public Employees Retirement System of Ohio increased its stake in UMB Financial Corporation by 541.8%, now owning 43,831 shares valued at approximately $4.61 million.
• Insider transactions have shown key individuals selling shares, with Robert Brian Beaird and Shannon Andresen Johnson reducing their positions, contributing to a total insider sale of nearly $2.44 million over three months.
• UMB Financial recently announced a $0.40 quarterly dividend and has a dividend yield of 1.4%, with an expected earnings per share of 9.66 for the current fiscal year.

Public Employees Retirement System of Ohio lifted its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 541.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,831 shares of the bank's stock after purchasing an additional 37,002 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of UMB Financial worth $4,609,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its stake in UMB Financial by 4,840.0% in the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after buying an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in UMB Financial in the first quarter valued at about $27,000. Rothschild Investment LLC raised its position in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after purchasing an additional 221 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of UMB Financial during the first quarter worth about $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of UMB Financial during the first quarter worth about $35,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UMB Financial

In other news, insider Robert Brian Beaird sold 1,205 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total value of $139,984.85. Following the completion of the transaction, the insider directly owned 10,147 shares in the company, valued at approximately $1,178,776.99. This represents a 10.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shannon Andresen Johnson sold 1,367 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the completion of the transaction, the insider owned 34,124 shares of the company's stock, valued at $4,114,671.92. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by company insiders.

UMB Financial Price Performance

UMB Financial stock opened at $118.49 on Tuesday. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The business has a 50-day simple moving average of $116.91 and a 200 day simple moving average of $106.38. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.35 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The business had revenue of $689.21 million during the quarter, compared to analysts' expectations of $638.25 million. During the same period in the previous year, the business earned $2.16 earnings per share. The firm's revenue was up 76.7% on a year-over-year basis. On average, research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio is presently 18.39%.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on UMB Financial from $125.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Monday. Royal Bank Of Canada raised their price objective on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Truist Financial lifted their target price on UMB Financial from $130.00 to $144.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Morgan Stanley lifted their target price on UMB Financial from $120.00 to $154.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Barclays lifted their price target on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $136.90.

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.

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