UMB Financial Corporation $UMBF Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management reduced its UMB Financial stake by 3.9% in the second quarter, selling 7,373 shares and retaining 179,559 shares valued at approximately $25.6 million. Institutional investors collectively own 87.78% of the company.
• UMB Financial reported quarterly earnings of $3.57 per share, exceeding analyst expectations of $3.12, while revenue of $778 million also surpassed forecasts. The company raised its quarterly dividend from $0.43 to $0.50 per share, producing a 1.4% annual yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $166.54. However, insiders sold 34,171 shares worth about $4.9 million over the past 90 days.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,559 shares of the bank's stock after selling 7,373 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of UMB Financial worth $25,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new position in UMB Financial during the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of UMB Financial in the fourth quarter worth approximately $27,000. Axiom Investment Management LLC acquired a new stake in shares of UMB Financial during the first quarter worth approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in UMB Financial during the fourth quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in UMB Financial during the second quarter valued at approximately $38,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Price Performance

NASDAQ UMBF opened at $143.44 on Friday. UMB Financial Corporation has a fifty-two week low of $68.92 and a fifty-two week high of $144.21. The stock's 50-day moving average is $144.93 and its two-hundred day moving average is $131.13. The firm has a market cap of $10.89 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.69 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $778.00 million during the quarter, compared to analysts' expectations of $727.63 million. During the same quarter last year, the company earned $2.96 earnings per share. On average, analysts anticipate that UMB Financial Corporation will post 13.5 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from UMB Financial's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. UMB Financial's dividend payout ratio is presently 14.32%.

Insiders Place Their Bets

In other news, CEO J. Kemper sold 15,062 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer owned 1,491,138 shares in the company, valued at approximately $221,508,549.90. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President James D. Rine sold 8,246 shares of the firm's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares of the company's stock, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,171 shares of company stock worth $4,919,826 over the last ninety days. 5.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UMBF shares. Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Raymond James Financial assumed coverage on shares of UMB Financial in a report on Thursday, August 27th. They set an "outperform" rating and a $165.00 price target on the stock. Barclays reaffirmed an "overweight" rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. TD Cowen reiterated a "buy" rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Wells Fargo & Company set a $160.00 price objective on UMB Financial and gave the company an "equal weight" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial presently has an average rating of "Moderate Buy" and an average target price of $166.54.

UMB Financial Profile

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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