58,773 Shares in UMB Financial Co. (NASDAQ:UMBF) Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 58,773 shares of the bank's stock, valued at approximately $4,910,000. Great Lakes Advisors LLC owned about 0.12% of UMB Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in UMBF. Wellington Management Group LLP increased its holdings in shares of 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 during the period. Victory Capital Management Inc. increased its stake in UMB Financial by 15.3% during the fourth 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 period. Allspring Global Investments Holdings LLC raised its holdings in UMB Financial by 1.3% in 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. lifted its position in shares of UMB Financial by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank's stock worth $112,767,000 after acquiring an additional 75,140 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of UMB Financial by 11.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,008 shares of the bank's stock worth $129,005,000 after purchasing an additional 161,558 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on UMBF shares. Barclays raised UMB Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $91.00 to $95.00 in a research report on Tuesday, April 30th. Piper Sandler upped their target price on shares of UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Wells Fargo & Company increased their price target on shares of UMB Financial from $88.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 30th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. Finally, Raymond James increased their target price on UMB Financial from $80.00 to $102.00 and gave the stock a "strong-buy" rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.00.

Insider Activity at UMB Financial

In other UMB Financial 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 transaction, the chief executive officer now owns 1,771,004 shares of the company's stock, valued at $142,335,591.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other UMB Financial 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 transaction of $95,387.40. Following the transaction, the insider now owns 15,217 shares of the company's stock, valued at approximately $1,228,011.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 7,920 shares of UMB Financial stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $80.37, for a total value of $636,530.40. Following the completion of the sale, the chief executive officer now directly owns 1,771,004 shares of the company's stock, valued at $142,335,591.48. 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 three months. Corporate insiders own 8.85% of the company's stock.

UMB Financial Price Performance

NASDAQ:UMBF traded up $1.71 on Friday, reaching $86.14. The stock had a trading volume of 576,301 shares, compared to its average volume of 642,279. The company has a market capitalization of $4.20 billion, a P/E ratio of 11.44 and a beta of 0.84. The stock has a fifty day moving average price of $82.24 and a 200-day moving average price of $79.71. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 1-year low of $56.00 and a 1-year high of $87.36.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.81%. UMB Financial's dividend payout ratio (DPR) is presently 20.72%.

UMB Financial 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.