Assenagon Asset Management S.A. Grows Holdings in UMB Financial Co. (NASDAQ:UMBF)

Assenagon Asset Management S.A. increased its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 133,867 shares of the bank's stock after acquiring an additional 20,230 shares during the period. Assenagon Asset Management S.A. owned approximately 0.28% of UMB Financial worth $11,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UMBF. Headlands Technologies LLC purchased a new stake in shares of UMB Financial in the 3rd quarter valued at approximately $74,000. Captrust Financial Advisors raised its position in UMB Financial by 93.5% in the second quarter. Captrust Financial Advisors now owns 1,109 shares of the bank's stock valued at $95,000 after purchasing an additional 536 shares during the period. Quantbot Technologies LP acquired a new position in UMB Financial during the third quarter worth $179,000. Jones Financial Companies Lllp purchased a new position in shares of UMB Financial during the third quarter worth $199,000. Finally, Franklin Resources Inc. boosted its position in shares of UMB Financial by 6.2% during the second quarter. Franklin Resources Inc. now owns 2,334 shares of the bank's stock worth $201,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research note on Saturday, March 16th. Barclays began coverage on shares of UMB Financial in a research report on Friday, March 8th. They set an "equal weight" rating and a $91.00 price target on the stock. Raymond James lifted their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a report on Thursday, February 1st. Finally, Piper Sandler increased their target price on shares of UMB Financial from $87.50 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

UMB Financial Stock Up 1.6 %

Shares of UMB Financial stock traded up $1.38 on Friday, reaching $86.99. 318,710 shares of the company were exchanged, compared to its average volume of 235,850. The stock's 50 day moving average price is $81.59 and its 200-day moving average price is $74.64. The company has a market cap of $4.24 billion, a P/E ratio of 12.12 and a beta of 0.82. UMB Financial Co. has a 1-year low of $50.68 and a 1-year high of $87.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping the consensus estimate of $1.76 by $0.53. The company had revenue of $370.80 million during the quarter, compared to analysts' expectations of $360.69 million. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. As a group, equities analysts forecast that UMB Financial Co. will post 7.29 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, March 8th. UMB Financial's dividend payout ratio (DPR) is 21.73%.

Insider Transactions at UMB Financial

In other news, insider Abigail M. Wendel sold 1,182 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the sale, the insider now owns 15,217 shares of the company's stock, valued at approximately $1,228,011.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the sale, the chief executive officer now directly owns 252,114 shares of the company's stock, valued at $20,950,673.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares in the company, valued at approximately $1,228,011.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,667 shares of company stock valued at $1,187,393. 8.85% of the stock is currently owned by corporate insiders.

About UMB Financial

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.