SJS Investment Consulting Inc. Trims Stake in UMB Financial Corporation $UMBF

Key Points

• SJS Investment Consulting Inc. has significantly reduced its stake in UMB Financial Corporation by 49.2% in the second quarter, owning 23,995 shares valued at approximately $2.5 million.
• UMB Financial's stock is currently trading at $119.51, with a market capitalization of $9.07 billion and a PE ratio of 13.74.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 1.3%.

SJS Investment Consulting Inc. reduced its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 49.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,995 shares of the bank's stock after selling 23,266 shares during the period. UMB Financial comprises 0.4% of SJS Investment Consulting Inc.'s portfolio, making the stock its 23rd largest holding. SJS Investment Consulting Inc.'s holdings in UMB Financial were worth $2,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UMBF. Cetera Investment Advisers purchased a new stake in UMB Financial during the fourth quarter valued at approximately $238,000. Quantinno Capital Management LP purchased a new stake in UMB Financial during the fourth quarter valued at approximately $214,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UMB Financial by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,798 shares of the bank's stock valued at $14,198,000 after buying an additional 19,426 shares during the last quarter. GTS Securities LLC purchased a new stake in UMB Financial during the fourth quarter valued at approximately $480,000. Finally, Versant Capital Management Inc boosted its position in shares of UMB Financial by 703.2% in the first quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock worth $50,000 after purchasing an additional 436 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Trading Down 2.5%

UMBF stock opened at $119.51 on Tuesday. The company has a market capitalization of $9.07 billion, a PE ratio of 13.74, a P/E/G ratio of 1.40 and a beta of 0.77. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The firm's 50-day moving average is $115.86 and its 200 day moving average is $105.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77.

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

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial's dividend payout ratio (DPR) is currently 18.39%.

Insider Activity

In other news, insider Stacy H. King sold 1,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $118.88, for a total transaction of $178,320.00. Following the transaction, the insider directly owned 9,472 shares in the company, valued at approximately $1,126,031.36. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip James Mason sold 750 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the transaction, the insider owned 8,815 shares in the company, valued at approximately $1,066,350.55. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. Company insiders own 5.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UMBF shares. Piper Sandler lifted their target price on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Barclays upped their target price on shares of UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Truist Financial upped their target price on shares of UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial currently has a consensus rating of "Moderate Buy" and an average price target of $133.89.

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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