HBK Investments L P Grows Stock Position in UMB Financial Co. (NASDAQ:UMBF)

HBK Investments L P grew its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 44.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,074 shares of the bank's stock after acquiring an additional 15,758 shares during the period. HBK Investments L P owned 0.10% of UMB Financial worth $5,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in UMB Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock worth $537,494,000 after acquiring an additional 48,507 shares in the last quarter. Wellington Management Group LLP raised its position in shares of UMB Financial by 5.3% in 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 in the last quarter. Principal Financial Group Inc. raised its position in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of UMB Financial by 31.0% in the 4th quarter. JPMorgan Chase & Co. now owns 415,607 shares of the bank's stock worth $46,905,000 after acquiring an additional 98,427 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of UMB Financial by 31.4% in the 4th quarter. Invesco Ltd. now owns 309,980 shares of the bank's stock worth $34,984,000 after acquiring an additional 74,038 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Stock Performance

Shares of UMBF traded down $3.40 during mid-day trading on Wednesday, reaching $94.42. The company had a trading volume of 596,886 shares, compared to its average volume of 523,264. UMB Financial Co. has a 52-week low of $77.00 and a 52-week high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.17 billion, a P/E ratio of 10.50 and a beta of 0.71. The stock has a 50 day moving average of $98.39 and a two-hundred day moving average of $110.41.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. During the same quarter in the prior year, the business earned $2.47 earnings per share. The company's revenue was up 41.4% compared to the same quarter last year. On average, analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % 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 hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UMBF shares. Bank of America started coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Wells Fargo & Company reduced their target price on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Piper Sandler upped their target price on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and an average target price of $122.13.

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.