UMB Financial Co. (NASDAQ:UMBF) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 18.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 125,798 shares of the bank's stock after acquiring an additional 19,426 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of UMB Financial worth $14,198,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Freestone Grove Partners LP acquired a new stake in UMB Financial during the 4th quarter worth $48,235,000. Adage Capital Partners GP L.L.C. boosted its stake in UMB Financial by 298.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock worth $34,051,000 after purchasing an additional 225,908 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in UMB Financial by 22,173.3% during the 4th quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock worth $19,934,000 after purchasing an additional 175,834 shares during the last quarter. Barclays PLC boosted its stake in 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 purchasing an additional 170,375 shares during the last quarter. Finally, Norges Bank acquired a new stake in UMB Financial during the 4th quarter worth $15,835,000. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Trading Down 0.5%

Shares of UMBF stock traded down $0.49 on Friday, hitting $103.30. 459,585 shares of the stock traded hands, compared to its average volume of 520,405. The firm's 50-day moving average price is $98.07 and its two-hundred day moving average price is $108.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $7.84 billion, a PE ratio of 11.49 and a beta of 0.72. UMB Financial Co. has a twelve month low of $78.91 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. 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 company posted $2.47 earnings per share. UMB Financial's revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.55%. UMB Financial's payout ratio is currently 20.13%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UMBF. Morgan Stanley lowered their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada lowered their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Bank of America began coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price on the stock. Finally, Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.13.

About UMB Financial

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.