Invesco Ltd. Has $34.98 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Invesco Ltd. raised its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 31.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,980 shares of the bank's stock after buying an additional 74,038 shares during the period. Invesco Ltd. owned about 0.64% of UMB Financial worth $34,984,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of UMB Financial by 16.5% during the 4th quarter. Bank of Montreal Can now owns 6,270 shares of the bank's stock worth $708,000 after purchasing an additional 886 shares during the last quarter. Federated Hermes Inc. raised its stake in UMB Financial by 107.7% during the 4th quarter. Federated Hermes Inc. now owns 118,527 shares of the bank's stock valued at $13,377,000 after purchasing an additional 61,468 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of UMB Financial during the fourth quarter valued at about $2,190,000. Wells Fargo & Company MN lifted its position in shares of UMB Financial by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 51,929 shares of the bank's stock worth $5,861,000 after acquiring an additional 7,318 shares during the period. Finally, Pitcairn Co. boosted its stake in UMB Financial by 7.2% during the fourth quarter. Pitcairn Co. now owns 4,245 shares of the bank's stock worth $479,000 after buying an additional 286 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the business'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 transaction 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 disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UMBF. Barclays dropped their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Piper Sandler upped their price target on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.13.

UMB Financial Price Performance

Shares of UMB Financial stock traded up $3.78 during trading on Tuesday, reaching $94.20. The company's stock had a trading volume of 628,018 shares, compared to its average volume of 523,758. The stock has a 50-day moving average price of $99.98 and a two-hundred day moving average price of $110.73. The stock has a market capitalization of $7.15 billion, a P/E ratio of 10.48 and a beta of 0.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, sell-side analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, March 10th. UMB Financial's dividend payout ratio is 17.80%.

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.