Raymond James Financial Services Advisors Inc. Invests $1.08 Million in UMB Financial Co. (NASDAQ:UMBF)

Raymond James Financial Services Advisors Inc. bought a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,903 shares of the bank's stock, valued at approximately $1,078,000.

A number of other large investors also recently made changes to their positions in the business. High Net Worth Advisory Group LLC acquired a new position in UMB Financial in the fourth quarter worth approximately $234,000. Teachers Retirement System of The State of Kentucky boosted its position in UMB Financial by 97.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 14,642 shares of the bank's stock worth $908,000 after purchasing an additional 7,214 shares during the period. Wellington Management Group LLP boosted its position in UMB Financial by 73.5% during the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank's stock worth $160,505,000 after purchasing an additional 1,095,630 shares during the period. American Century Companies Inc. boosted its position in UMB Financial by 4.3% during the third quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank's stock worth $112,767,000 after purchasing an additional 75,140 shares during the period. Finally, Deutsche Bank AG boosted its position in UMB Financial by 3.9% during the third quarter. Deutsche Bank AG now owns 71,126 shares of the bank's stock worth $4,413,000 after purchasing an additional 2,643 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 11,170 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $85.28, for a total transaction of $952,577.60. Following the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP John Pauls sold 1,440 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total transaction of $114,494.40. Following the sale, the executive vice president now owns 8,496 shares in the company, valued at approximately $675,516.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,277 shares of company stock worth $2,264,661. Corporate insiders own 8.85% of the company's stock.

UMB Financial Stock Down 0.4 %

Shares of NASDAQ:UMBF traded down $0.32 during trading on Monday, hitting $79.75. 140,180 shares of the company's stock traded hands, compared to its average volume of 216,573. UMB Financial Co. has a 52 week low of $50.68 and a 52 week high of $87.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 11.04 and a beta of 0.83. The company has a 50-day moving average price of $81.66 and a 200-day moving average price of $76.26.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.75% and a net margin of 14.70%. UMB Financial's revenue for the quarter 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, research analysts forecast that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, March 8th. UMB Financial's payout ratio is 21.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler raised their target price on UMB Financial from $87.50 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Saturday, March 16th. Wells Fargo & Company raised their target price on UMB Financial from $85.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 10th. Barclays started coverage on UMB Financial in a research report on Friday, March 8th. They issued an "equal weight" rating and a $91.00 target price for the company. Finally, Raymond James increased their price objective on UMB Financial from $80.00 to $102.00 and gave the stock a "strong-buy" rating in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.00.

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.