6,019 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) during the fourth quarter, HoldingsChannel reports. The fund bought 6,019 shares of the bank’s stock, valued at approximately $679,000.

Several other hedge funds also recently bought and sold shares of UMBF. MML Investors Services LLC purchased a new stake in UMB Financial during the 3rd quarter worth about $208,000. Barclays PLC boosted its stake in shares of UMB Financial by 278.8% during the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank’s stock worth $24,329,000 after purchasing an additional 170,375 shares during the last quarter. Principal Financial Group Inc. grew 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 buying an additional 694,751 shares in the last quarter. Ellenbecker Investment Group purchased a new position in shares of UMB Financial during the fourth quarter valued at approximately $212,000. Finally, Assenagon Asset Management S.A. acquired a new stake in UMB Financial during the fourth quarter worth approximately $1,443,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

NASDAQ UMBF opened at $91.51 on Friday. The business’s 50-day simple moving average is $101.25 and its 200-day simple moving average is $110.88. The firm has a market capitalization of $6.65 billion, a P/E ratio of 10.18 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. 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) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $2.29 earnings per share. Equities analysts predict 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. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s dividend payout ratio is presently 17.80%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UMBF. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Barclays dropped their target price on UMB Financial from $139.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Morgan Stanley dropped their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company decreased their target price on shares of UMB Financial from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average price target of $122.13.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.

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.