Voya Investment Management LLC Boosts Stock Holdings in UMB Financial Corporation $UMBF

Key Points

• Voya Investment Management LLC increased its stake in UMB Financial Corporation by 40.7%, acquiring 18,670 additional shares and bringing its total holdings to 64,510 shares valued at approximately $6.52 million.
• In the first quarter, numerous institutional investors significantly boosted their positions in UMB Financial, with 87.78% of the stock now owned by institutional holders.
• UMB Financial recently reported strong quarterly earnings, with $2.96 EPS surpassing analysts' expectations and a revenue increase of 76.7% from the previous year.

Voya Investment Management LLC grew its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,510 shares of the bank's stock after acquiring an additional 18,670 shares during the period. Voya Investment Management LLC owned about 0.08% of UMB Financial worth $6,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in UMB Financial by 4,840.0% in the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after buying an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in UMB Financial in the first quarter worth about $27,000. Rothschild Investment LLC raised its stake in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after buying an additional 221 shares in the last quarter. McIlrath & Eck LLC bought a new position in UMB Financial in the first quarter worth about $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in UMB Financial in the first quarter worth about $35,000. 87.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Piper Sandler increased their price target on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Barclays increased their price target on shares of UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Raymond James Financial increased their price target on shares of UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and an average target price of $133.89.

Insider Activity at UMB Financial

In related news, insider Phillip James Mason sold 750 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares of the company's stock, valued at approximately $1,066,350.55. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shannon Andresen Johnson sold 1,367 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total transaction of $164,832.86. Following the transaction, the insider directly owned 34,124 shares of the company's stock, valued at $4,114,671.92. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. Insiders own 5.45% of the company's stock.

UMB Financial Price Performance

Shares of UMBF stock traded down $1.64 on Friday, hitting $122.54. 1,394,959 shares of the stock traded hands, compared to its average volume of 499,580. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.40 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The firm has a 50 day simple moving average of $115.61 and a two-hundred day simple moving average of $105.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating the consensus estimate of $2.35 by $0.61. The firm had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company's revenue was up 76.7% on a year-over-year basis. During the same period last year, the firm earned $2.16 EPS. As a group, equities research analysts predict that UMB Financial Corporation will post 9.66 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, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio (DPR) is presently 18.39%.

UMB Financial Company 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.