Vanguard Group Inc. Sells 84,055 Shares of UMB Financial Corporation $UMBF

Key Points

• Vanguard trimmed its stake by 84,055 shares (1.1%) in the quarter and now holds 7,684,774 shares—about 10.12% of UMB Financial, valued at roughly $884 million.
• UMB Financial beat earnings estimates with $3.41 EPS (vs. $2.82 expected) and reported revenue of $739.16 million, up 31.1% year-over-year; analysts have a consensus "Moderate Buy" rating and an average target of $145.55.
• The company disclosed a $0.43 quarterly dividend ($1.72 annualized, 1.3% yield; ex-dividend June 10) while insiders sold 19,102 shares over the last quarter and now own 5.33% of the stock.

Vanguard Group Inc. trimmed its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,684,774 shares of the bank's stock after selling 84,055 shares during the quarter. Vanguard Group Inc. owned approximately 10.12% of UMB Financial worth $884,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank's stock worth $29,000 after acquiring an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank's stock worth $43,000 after acquiring an additional 267 shares during the last quarter. Bessemer Group Inc. raised its position in shares of UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank's stock worth $50,000 after acquiring an additional 177 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of UMB Financial by 88.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank's stock worth $50,000 after acquiring an additional 199 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of UMB Financial by 168.6% during the third quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank's stock worth $89,000 after acquiring an additional 472 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UMBF. Raymond James Financial reaffirmed a "strong-buy" rating and set a $145.00 target price on shares of UMB Financial in a research note on Thursday, January 29th. Weiss Ratings raised UMB Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, April 27th. Morgan Stanley decreased their target price on UMB Financial from $156.00 to $143.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. Royal Bank Of Canada raised their target price on UMB Financial from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised their target price on UMB Financial from $133.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $145.55.

UMB Financial Trading Up 2.4%

Shares of UMB Financial stock opened at $129.24 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a 52 week low of $97.76 and a 52 week high of $136.11. The stock has a 50 day moving average price of $117.20 and a two-hundred day moving average price of $117.38. The stock has a market capitalization of $9.84 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.05 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm had revenue of $739.16 million during the quarter, compared to analysts' expectations of $701.79 million. During the same quarter last year, the firm posted $2.58 earnings per share. The company's revenue for the quarter was up 31.1% compared to the same quarter last year. As a group, equities analysts anticipate that UMB Financial Corporation will post 12.33 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial's dividend payout ratio (DPR) is 15.26%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 12,488 shares of the company's stock, valued at approximately $1,614,698.40. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 15,214 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares of the company's stock, valued at $193,682,258. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 19,102 shares of company stock valued at $2,458,247. Company insiders own 5.33% 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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