MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.81 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,648 shares of the bank's stock after purchasing an additional 18,130 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of UMB Financial worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UMBF. Freestone Grove Partners LP bought a new stake in shares of UMB Financial in the 4th quarter valued at approximately $48,235,000. Adage Capital Partners GP L.L.C. grew its stake in shares of UMB Financial by 298.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock valued at $34,051,000 after purchasing an additional 225,908 shares during the period. Barclays PLC grew its stake in shares of UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after purchasing an additional 170,375 shares during the period. Norges Bank bought a new stake in UMB Financial during the 4th quarter worth approximately $15,835,000. Finally, Wellington Management Group LLP grew its position in UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after acquiring an additional 102,104 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Trading Down 0.6%

UMBF traded down $0.63 during mid-day trading on Friday, reaching $101.50. The stock had a trading volume of 633,990 shares, compared to its average volume of 518,064. The stock 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 debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The firm's fifty day simple moving average is $98.10 and its two-hundred day simple moving average is $109.62. UMB Financial Co. has a 52 week low of $78.56 and a 52 week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The firm 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 business's quarterly revenue was up 41.4% compared to the same quarter last year. During the same period last year, the company earned $2.47 EPS. On average, equities analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

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

Analyst Ratings Changes

UMBF has been the topic of a number of research analyst reports. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $137.00 price target (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. Barclays decreased their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup restated a "neutral" rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Royal Bank of Canada decreased their price target on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, UMB Financial presently has a consensus 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.