Massachusetts Financial Services Co. MA Purchases 121,100 Shares of UMB Financial Co. (NASDAQ:UMBF)

Massachusetts Financial Services Co. MA boosted its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 39.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,932 shares of the bank's stock after buying an additional 121,100 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.88% of UMB Financial worth $35,837,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of UMB Financial in the 3rd quarter worth $74,000. Quantbot Technologies LP purchased a new stake in UMB Financial during the third quarter valued at about $179,000. Jones Financial Companies Lllp acquired a new position in shares of UMB Financial in the third quarter worth about $199,000. Atria Wealth Solutions Inc. purchased a new position in shares of UMB Financial in the third quarter worth approximately $215,000. Finally, MQS Management LLC acquired a new stake in shares of UMB Financial during the third quarter valued at approximately $217,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded up $1.71 during midday trading on Friday, reaching $86.14. 576,301 shares of the company's stock were exchanged, compared to its average volume of 642,279. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.75. The company's 50 day simple moving average is $82.24 and its two-hundred day simple moving average is $79.59. UMB Financial Co. has a 12 month low of $56.00 and a 12 month high of $87.36. The firm has a market capitalization of $4.20 billion, a PE ratio of 11.44 and a beta of 0.84.

UMB Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UMBF shares. Barclays raised UMB Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $91.00 to $95.00 in a research report on Tuesday, April 30th. Piper Sandler boosted their target price on UMB Financial from $87.50 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods raised 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 note on Tuesday, April 30th. Raymond James upped their price target 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, StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. 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 company. Based on data from MarketBeat, UMB Financial presently has an average rating of "Moderate Buy" and an average target price of $92.00.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 7,920 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $80.37, for a total value of $636,530.40. Following the sale, the chief executive officer now owns 1,771,004 shares of the company's stock, valued at approximately $142,335,591.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other UMB Financial news, CEO J Mariner Kemper sold 7,920 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $80.37, for a total value of $636,530.40. Following the transaction, the chief executive officer now directly owns 1,771,004 shares in the company, valued at $142,335,591.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Abigail M. Wendel sold 1,182 shares of the company'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 directly owns 15,217 shares in the company, valued at $1,228,011.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,114 shares of company stock valued at $2,171,108. Corporate insiders own 8.85% of the company's stock.

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.