Walleye Capital LLC Has $1.99 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Walleye Capital LLC lifted its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 701.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,592 shares of the bank's stock after acquiring an additional 15,397 shares during the quarter. Walleye Capital LLC's holdings in UMB Financial were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas boosted its holdings in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Covestor Ltd lifted 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 buying an additional 124 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of UMB Financial in the fourth quarter valued at about $96,000. Steward Partners Investment Advisory LLC acquired a new position in UMB Financial in the fourth quarter worth about $103,000. Finally, R Squared Ltd acquired a new position in UMB Financial in the fourth quarter worth about $117,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $380,135.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UMBF shares. Bank of America initiated coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. Piper Sandler boosted their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Citigroup reissued a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Barclays reduced their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, UMB Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.13.

UMB Financial Trading Up 1.4 %

Shares of UMBF traded up $1.33 during trading hours on Thursday, hitting $96.67. 97,321 shares of the stock traded hands, compared to its average volume of 523,822. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The firm has a market capitalization of $7.34 billion, a PE ratio of 10.73 and a beta of 0.71. The business has a fifty day moving average of $99.65 and a 200-day moving average of $110.62.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS 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 period in the prior year, the firm earned $2.29 earnings per share. Analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business 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. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. UMB Financial's dividend payout ratio is presently 17.80%.

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.