Swiss National Bank Sells 10,500 Shares of UMB Financial Co. (NASDAQ:UMBF)

Swiss National Bank cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,800 shares of the bank's stock after selling 10,500 shares during the period. Swiss National Bank owned about 0.19% of UMB Financial worth $7,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in UMB Financial by 73.5% during the 3rd 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 in the last quarter. Victory Capital Management Inc. lifted its stake in shares of UMB Financial by 15.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank's stock valued at $166,875,000 after acquiring an additional 265,399 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of UMB Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank's stock valued at $153,903,000 after acquiring an additional 23,689 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of UMB Financial by 4.3% during the 3rd quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank's stock valued at $112,767,000 after acquiring an additional 75,140 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in UMB Financial by 0.7% during the 4th quarter. Boston Trust Walden Corp now owns 688,687 shares of the bank's stock worth $57,540,000 after acquiring an additional 4,677 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Trading Up 2.5 %

UMBF stock traded up $2.07 during mid-day trading on Wednesday, reaching $86.00. The company's stock had a trading volume of 538,442 shares, compared to its average volume of 305,155. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 11.42 and a beta of 0.84. UMB Financial Co. has a 12 month low of $55.64 and a 12 month high of $87.36. The business's 50 day moving average price is $82.16 and its 200 day moving average price is $79.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Monday, June 10th. UMB Financial's payout ratio is currently 20.72%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 1,440 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total transaction of $124,689.60. Following the sale, the chief executive officer now owns 1,762,904 shares in the company, valued at $152,649,857.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Abigail M. Wendel sold 1,182 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now directly owns 15,217 shares of the company's stock, valued at $1,228,011.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 1,440 shares of UMB Financial stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $86.59, for a total transaction of $124,689.60. Following the transaction, the chief executive officer now owns 1,762,904 shares of the company's stock, valued at $152,649,857.36. The disclosure for this sale can be found here. Insiders sold 26,114 shares of company stock valued at $2,171,108 in the last quarter. 8.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler lifted their price target on UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. Barclays raised UMB Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $91.00 to $95.00 in a research note on Tuesday, April 30th. Raymond James lifted 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of UMB Financial from $86.00 to $93.00 and gave the company a "market perform" rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.00.

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.