Deprince Race & Zollo Inc. Decreases Stake in UMB Financial Corp. (UMBF)
Deprince Race & Zollo Inc. reduced its stake in UMB Financial Corp. (NASDAQ:UMBF) by 11.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 633,867 shares of the company’s stock after selling 85,431 shares during the period. Deprince Race & Zollo Inc. owned about 1.28% of UMB Financial Corp. worth $33,728,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Aperio Group LLC raised its position in UMB Financial Corp. by 35.7% in the first quarter. Aperio Group LLC now owns 13,082 shares of the company’s stock valued at $675,000 after buying an additional 3,439 shares during the last quarter. Prudential Financial Inc. raised its position in UMB Financial Corp. by 3.7% in the first quarter. Prudential Financial Inc. now owns 101,270 shares of the company’s stock valued at $5,229,000 after buying an additional 3,600 shares during the last quarter. BlackRock Inc. raised its position in UMB Financial Corp. by 60.0% in the first quarter. BlackRock Inc. now owns 2,595 shares of the company’s stock valued at $134,000 after buying an additional 973 shares during the last quarter. BlackRock Group LTD raised its position in UMB Financial Corp. by 8.9% in the first quarter. BlackRock Group LTD now owns 51,502 shares of the company’s stock valued at $2,658,000 after buying an additional 4,223 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in UMB Financial Corp. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 2,677,182 shares of the company’s stock valued at $138,223,000 after buying an additional 11,991 shares during the last quarter. Institutional investors own 84.20% of the company’s stock.
Shares of UMB Financial Corp. (NASDAQ:UMBF) traded down 0.76% during mid-day trading on Monday, hitting $59.00. 110,976 shares of the stock were exchanged. UMB Financial Corp. has a 12 month low of $39.55 and a 12 month high of $61.24. The company has a 50-day moving average price of $58.97 and a 200-day moving average price of $55.52. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 23.04 and a beta of 0.86.
UMB Financial Corp. (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. UMB Financial Corp. had a return on equity of 6.71% and a net margin of 13.28%. The firm had revenue of $242.70 million for the quarter, compared to analyst estimates of $240.10 million. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts expect that UMB Financial Corp. will post $3.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.245 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.66%. UMB Financial Corp.’s dividend payout ratio (DPR) is 38.28%.
UMBF has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of UMB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods boosted their target price on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. UMB Financial Corp. presently has an average rating of “Buy” and a consensus target price of $59.00.
In related news, EVP Christian R. Swett sold 1,518 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $60.51, for a total value of $91,854.18. Following the completion of the transaction, the executive vice president now directly owns 5,746 shares of the company’s stock, valued at approximately $347,690.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider J Walker Brian sold 3,047 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $60.45, for a total value of $184,191.15. Following the completion of the transaction, the insider now directly owns 5,776 shares of the company’s stock, valued at $349,159.20. The disclosure for this sale can be found here. Insiders own 10.32% of the company’s stock.
UMB Financial Corp. Company Profile
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