UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in UMB Financial Co. (NASDAQ:UMBF) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,298 shares of the bank’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in UMB Financial were worth $372,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of UMBF. Principal Financial Group Inc. grew 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 acquiring an additional 694,751 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in UMB Financial in the third quarter valued at approximately $48,531,000. 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. Systematic Financial Management LP grew its position in UMB Financial by 438.8% in the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after acquiring an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in UMB Financial in the third quarter valued at approximately $18,838,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 value of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $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. 8.85% of the stock is currently owned by company insiders.

UMB Financial Stock Performance

Shares of UMBF opened at $102.36 on Wednesday. The business’s fifty day moving average price is $111.67 and its 200 day moving average price is $112.45. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The stock has a market capitalization of $7.43 billion, a PE ratio of 11.39 and a beta of 0.79. 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 announced 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 return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the firm earned $2.29 EPS. Equities research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler raised their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley decreased their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Citigroup reissued a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.71.

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.