Allspring Global Investments Holdings LLC Has $153.90 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Allspring Global Investments Holdings LLC increased its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,842,050 shares of the bank's stock after buying an additional 23,689 shares during the period. Allspring Global Investments Holdings LLC owned about 3.79% of UMB Financial worth $153,903,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in UMB Financial by 646.3% in the second quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank's stock valued at $158,131,000 after purchasing an additional 2,248,655 shares during the period. State Street Corp grew its holdings in UMB Financial by 81.2% in the first quarter. State Street Corp now owns 3,708,145 shares of the bank's stock valued at $361,563,000 after purchasing an additional 1,661,449 shares during the period. Wellington Management Group LLP grew its holdings in UMB Financial by 73.5% in the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank's stock valued at $160,505,000 after purchasing an additional 1,095,630 shares during the period. Norges Bank purchased a new stake in UMB Financial during the fourth quarter worth approximately $37,184,000. Finally, Vanguard Group Inc. grew its stake in UMB Financial by 4.2% during the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank's stock worth $367,190,000 after buying an additional 174,204 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 625 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $80.21, for a total value of $50,131.25. Following the sale, the director now directly owns 12,859 shares of the company's stock, valued at $1,031,420.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Kevin Charles Gallagher sold 625 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $80.21, for a total value of $50,131.25. Following the sale, the director now directly owns 12,859 shares of the company's stock, valued at $1,031,420.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the sale, the chief executive officer now directly owns 252,114 shares in the company, valued at $20,950,673.40. The disclosure for this sale can be found here. Insiders have sold 27,277 shares of company stock valued at $2,264,661 over the last ninety days. Corporate insiders own 8.85% of the company's stock.

UMB Financial Stock Up 0.2 %

Shares of NASDAQ UMBF traded up $0.18 during trading on Tuesday, reaching $84.42. 94,383 shares of the stock were exchanged, compared to its average volume of 220,156. The business's 50-day moving average price is $81.78 and its 200 day moving average price is $75.70. UMB Financial Co. has a twelve month low of $50.68 and a twelve month high of $87.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 11.76 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.53. The business had revenue of $370.80 million for 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 business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 earnings per share. As a group, equities analysts forecast that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.56 annualized dividend and a yield of 1.85%. UMB Financial's dividend payout ratio is presently 21.73%.

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.