UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC reduced its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,750 shares of the bank's stock after selling 11,450 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.26% of UMB Financial worth $14,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock worth $537,494,000 after purchasing an additional 48,507 shares in the last quarter. Wellington Management Group LLP grew its stake in UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after acquiring an additional 102,104 shares during the period. Geode Capital Management LLC lifted its stake in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock worth $117,139,000 after purchasing an additional 21,091 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in UMB Financial by 31.0% in the fourth quarter. JPMorgan Chase & Co. now owns 415,607 shares of the bank's stock valued at $46,905,000 after purchasing an additional 98,427 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several recent analyst reports. Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target for the company. Barclays lowered their price objective on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Finally, Citigroup restated 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.13.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at $36,313,427.67. This trade 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 the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

UMB Financial Stock Up 2.1 %

UMBF stock traded up $1.94 during trading on Tuesday, reaching $92.36. The stock had a trading volume of 85,134 shares, compared to its average volume of 520,179. The firm has a fifty day moving average price of $100.34 and a 200 day moving average price of $110.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.01 billion, a P/E ratio of 10.26 and a beta of 0.71. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the firm posted $2.29 earnings per share. On average, equities analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's dividend payout ratio is currently 17.80%.

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.