Schonfeld Strategic Advisors LLC Boosts Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Schonfeld Strategic Advisors LLC lifted its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 188.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,160 shares of the bank's stock after purchasing an additional 8,603 shares during the period. Schonfeld Strategic Advisors LLC's holdings in UMB Financial were worth $1,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UMBF. Dynamic Technology Lab Private Ltd purchased a new stake in UMB Financial during the fourth quarter valued at approximately $2,190,000. US Bancorp DE increased its holdings in UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Northern Trust Corp lifted its position in shares of UMB Financial by 16.2% in the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock worth $71,900,000 after buying an additional 88,705 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after acquiring an additional 694,751 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in shares of UMB Financial in the 4th quarter worth $305,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UMBF. Bank of America assumed coverage on UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Piper Sandler reissued an "overweight" rating and issued a $137.00 price objective (up previously from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. Royal Bank of Canada lowered their price target on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Citigroup reissued a "neutral" rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, StockNews.com downgraded UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, UMB Financial presently has a consensus rating of "Hold" and an average target price of $120.38.

Insider Activity

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.45% of the company's stock.

UMB Financial Price Performance

UMBF stock traded up $4.58 during trading on Monday, hitting $107.60. The stock had a trading volume of 96,362 shares, compared to its average volume of 517,836. The company's 50-day moving average price is $97.21 and its two-hundred day moving average price is $109.95. UMB Financial Co. has a twelve month low of $78.56 and a twelve month high of $129.94. The stock has a market capitalization of $8.17 billion, a P/E ratio of 11.98 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm's revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. As a group, research analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

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.