UMB Financial Corporation $UMBF Shares Acquired by Schroder Investment Management Group

Key Points

• Schroder Investment Management Group increased its stake in UMB Financial by 34%, buying 127,911 shares to hold 503,692 shares (about 0.66% of the company) worth roughly $59.68 million.
• Q-quarter results: UMBF beat EPS expectations ($3.08 vs. $2.71) and reported revenue up 66% year-over-year, though revenue of $469.8M missed analysts' ~$677.3M estimate.
• UMB Financial declared a quarterly dividend of $0.43 ($1.72 annual, ~1.5% yield), and analysts remain broadly positive with a consensus Buy rating and an average price target of $141.18.

Schroder Investment Management Group grew its position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 34.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 503,692 shares of the bank's stock after acquiring an additional 127,911 shares during the quarter. Schroder Investment Management Group owned about 0.66% of UMB Financial worth $59,682,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UMBF. Envestnet Asset Management Inc. grew its position in shares of UMB Financial by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank's stock valued at $21,625,000 after purchasing an additional 4,589 shares in the last quarter. Steele Capital Management Inc. acquired a new stake in shares of UMB Financial in the 3rd quarter worth $1,468,000. Strs Ohio increased its stake in shares of UMB Financial by 10.7% in the 3rd quarter. Strs Ohio now owns 119,700 shares of the bank's stock worth $14,166,000 after acquiring an additional 11,600 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of UMB Financial by 43.0% during the 2nd quarter. First Trust Advisors LP now owns 402,629 shares of the bank's stock worth $42,340,000 after acquiring an additional 121,043 shares during the period. Finally, Tributary Capital Management LLC boosted its position in shares of UMB Financial by 82.9% during the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank's stock valued at $32,872,000 after acquiring an additional 125,924 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Down 1.1%

Shares of UMBF opened at $112.70 on Wednesday. The firm has a market cap of $8.58 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $136.11. The company's 50-day moving average price is $123.22 and its 200 day moving average price is $118.33. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company had revenue of $469.80 million for the quarter, compared to analysts' expectations of $677.30 million. During the same quarter in the prior year, the company posted $2.49 earnings per share. UMB Financial's revenue for the quarter was up 66.0% compared to the same quarter last year. On average, sell-side analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. UMB Financial's dividend payout ratio is currently 18.84%.

Analysts Set New Price Targets

Several research firms recently issued reports on UMBF. Barclays restated an "overweight" rating and set a $160.00 price objective on shares of UMB Financial in a research report on Thursday, January 29th. Truist Financial set a $150.00 target price on shares of UMB Financial in a report on Friday, January 30th. Zacks Research raised shares of UMB Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods raised their price target on shares of UMB Financial from $133.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. Finally, Weiss Ratings raised shares of UMB Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $141.18.

Insider Buying and Selling

In other news, Director Greg M. Graves purchased 220 shares of the firm's stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the completion of the purchase, the director directly owned 39,541 shares of the company's stock, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Charles Gallagher sold 388 shares of the firm's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director owned 12,488 shares of the company's stock, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 19,102 shares of company stock valued at $2,458,247. Company insiders own 5.45% of the company's stock.

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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