MetLife Investment Management LLC Has $5.79 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

MetLife Investment Management LLC lifted its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,299 shares of the bank's stock after purchasing an additional 3,918 shares during the period. MetLife Investment Management LLC owned 0.11% of UMB Financial worth $5,790,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. USA Financial Formulas lifted its position in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after acquiring an additional 268 shares during the last quarter. Covestor Ltd grew its stake 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. Venturi Wealth Management LLC bought a new position in UMB Financial during the fourth quarter worth $96,000. Steward Partners Investment Advisory LLC acquired a new position in UMB Financial during the 4th quarter valued at $103,000. Finally, R Squared Ltd bought a new stake in UMB Financial in the 4th quarter valued at $117,000. 87.78% of the stock is currently owned by institutional investors.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on 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 owns 334,347 shares in the company, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Citigroup reiterated a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company reduced their target price on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays lowered their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.13.

UMB Financial Price Performance

UMBF stock traded up $0.33 during midday trading on Tuesday, reaching $96.26. 84,211 shares of the company's stock traded hands, compared to its average volume of 527,576. 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 company has a market cap of $7.31 billion, a price-to-earnings ratio of 10.70 and a beta of 0.71. The company has a 50-day simple moving average of $98.64 and a two-hundred day simple moving average of $110.50. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm posted $2.29 earnings per share. On average, analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

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.