Mutual of America Capital Management LLC Reduces Stake in UMB Financial Co. (NASDAQ:UMBF)

Mutual of America Capital Management LLC cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 101,916 shares of the bank’s stock after selling 879 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UMB Financial were worth $11,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in UMB Financial in the fourth quarter worth about $1,752,000. Oppenheimer Asset Management Inc. raised its position in shares of UMB Financial by 3.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock worth $919,000 after acquiring an additional 236 shares in the last quarter. Amalgamated Bank lifted its stake in shares of UMB Financial by 1.9% in the 4th quarter. Amalgamated Bank now owns 20,361 shares of the bank’s stock valued at $2,298,000 after purchasing an additional 376 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of UMB Financial during the fourth quarter valued at approximately $748,000. Finally, Handelsbanken Fonder AB grew its stake in UMB Financial by 21.0% in the fourth quarter. Handelsbanken Fonder AB now owns 10,930 shares of the bank’s stock worth $1,234,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 87.78% of the company’s stock.

Insider Activity

In other news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,327 shares of company stock valued at $3,476,567 in the last ninety days. 8.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several recent research reports. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target for the company. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Piper Sandler raised their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup reissued a “neutral” rating and issued a $127.00 target price (down 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 four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.14.

UMB Financial Stock Up 1.5 %

UMB Financial stock opened at $110.33 on Friday. 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 firm has a market cap of $5.38 billion, a price-to-earnings ratio of 12.27 and a beta of 0.82. The stock has a fifty day simple moving average of $114.45 and a two-hundred day simple moving average of $112.19. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period last year, the firm earned $2.29 earnings per share. Equities analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. UMB Financial’s dividend payout ratio is presently 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.