UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 45,840 shares of the bank's stock after selling 2,859 shares during the period. Voya Investment Management LLC owned approximately 0.09% of UMB Financial worth $5,174,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas raised its holdings in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after buying an additional 268 shares during the period. Covestor Ltd boosted its stake in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of UMB Financial in the fourth quarter valued at approximately $96,000. Steward Partners Investment Advisory LLC purchased a new stake in UMB Financial during the 4th quarter worth approximately $103,000. Finally, R Squared Ltd acquired a new stake in UMB Financial during the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday. Piper Sandler reaffirmed an "overweight" rating and issued a $137.00 price target (up previously from $132.00) on shares of UMB Financial in a research report on Friday. Bank of America began coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective for the company. Citigroup reiterated a "neutral" rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Barclays dropped their price objective on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. 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, the stock has a consensus rating of "Hold" and an average price target of $120.38.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.45% of the company's stock.

UMB Financial Stock Up 1.3 %

Shares of UMB Financial stock traded up $1.26 during trading hours on Monday, hitting $101.60. The company had a trading volume of 260,468 shares, compared to its average volume of 732,851. The company's 50-day moving average is $97.84 and its two-hundred day moving average is $110.13. UMB Financial Co. has a twelve month low of $78.56 and a twelve month high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $7.71 billion, a P/E ratio of 11.30 and a beta of 0.71.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The business had revenue of $563.84 million for the quarter, compared to analysts' expectations of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The business's revenue was up 41.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.

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.