UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 282,358 shares of the bank’s stock after selling 3,699 shares during the period. Franklin Resources Inc.’s holdings in UMB Financial were worth $30,876,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UMBF. Principal Financial Group Inc. raised its position in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Millennium Management LLC raised its holdings in shares of UMB Financial by 567.1% during the 2nd quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock valued at $61,208,000 after buying an additional 623,751 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in UMB Financial during the 3rd quarter worth approximately $48,531,000. ProShare Advisors LLC boosted its holdings in UMB Financial by 102.7% in the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock worth $62,780,000 after acquiring an additional 381,278 shares during the period. Finally, Captrust Financial Advisors grew its position in UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after acquiring an additional 282,783 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMBF has been the subject of several analyst reports. Wells Fargo & Company upped their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley started coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Barclays boosted their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada began coverage on UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Finally, Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

UMB Financial Stock Performance

UMBF stock opened at $113.57 on Thursday. The firm has a market cap of $5.54 billion, a P/E ratio of 14.20 and a beta of 0.80. The stock’s 50 day simple moving average is $117.83 and its 200 day simple moving average is $102.50. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the prior year, the company earned $2.02 earnings per share. As a group, equities research analysts predict that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is presently 20.00%.

Insider Activity

In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Pauls sold 849 shares of UMB Financial stock in a transaction on Friday, November 1st. The shares were sold at an average price of $110.42, for a total value of $93,746.58. Following the sale, the executive vice president now directly owns 6,483 shares in the company, valued at $715,852.86. The trade was a 11.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is currently owned by insiders.

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.