Jane Street Group LLC Sells 16,907 Shares of UMB Financial Co. (NASDAQ:UMBF)

Jane Street Group LLC decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,057 shares of the bank's stock after selling 16,907 shares during the period. Jane Street Group LLC's holdings in UMB Financial were worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Truist Financial Corp boosted its stake in UMB Financial by 0.4% in the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock worth $2,208,000 after buying an additional 83 shares during the last quarter. Covestor Ltd boosted its position in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Heritage Family Offices LLP grew its holdings in UMB Financial by 6.5% in the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock valued at $232,000 after purchasing an additional 125 shares during the period. Crossmark Global Holdings Inc. raised its stake in UMB Financial by 5.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank's stock worth $410,000 after purchasing an additional 186 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of UMB Financial by 4.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank's stock worth $678,000 after buying an additional 232 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction 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. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.45% of the company's stock.

UMB Financial Price Performance

Shares of UMBF traded down $0.66 during mid-day trading on Tuesday, hitting $106.20. The company's stock had a trading volume of 321,822 shares, compared to its average volume of 516,208. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 11.81 and a beta of 0.72. UMB Financial Co. has a fifty-two week low of $78.56 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50-day moving average price of $97.93 and a 200 day moving average price of $109.92.

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

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Truist Financial initiated coverage on shares of UMB Financial in a research note on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price target for the company. Citigroup reiterated a "neutral" rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Barclays cut their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price target on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.33.

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.