World Asset Management Inc increased its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,769 shares of the bank’s stock after buying an additional 43 shares during the period. World Asset Management Inc’s holdings in UMB Financial Corporation were worth $207,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UMBF. Tyers Asset Management LLC boosted its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock valued at $108,000 after buying an additional 144 shares during the period. Invictus RG bought a new position in shares of UMB Financial Corporation during the first quarter valued at $111,000. PNC Financial Services Group Inc. boosted its position in shares of UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock valued at $143,000 after buying an additional 330 shares during the period. Elkfork Partners LLC boosted its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock valued at $149,000 after buying an additional 198 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,520 shares of the bank’s stock valued at $190,000 after buying an additional 252 shares during the period. Institutional investors own 82.01% of the company’s stock.

UMB Financial Corporation (UMBF) opened at 66.36 on Monday. UMB Financial Corporation has a 52-week low of $57.31 and a 52-week high of $81.55. The company’s 50-day moving average price is $71.70 and its 200 day moving average price is $73.98. The stock has a market capitalization of $3.32 billion, a PE ratio of 19.17 and a beta of 0.86.

UMB Financial Corporation (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $261.84 million. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Equities analysts forecast that UMB Financial Corporation will post $3.65 EPS for the current fiscal year.

UMB Financial Corporation declared that its board has approved a stock buyback program on Tuesday, April 25th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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Several equities analysts have recently weighed in on the company. UBS AG upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Zacks Investment Research cut UMB Financial Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Stephens set a $71.00 price target on UMB Financial Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Finally, BidaskClub cut UMB Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $78.20.

In related news, Chairman J Mariner Kemper sold 21,600 shares of UMB Financial Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $75.17, for a total value of $1,623,672.00. Following the completion of the transaction, the chairman now owns 186,373 shares in the company, valued at $14,009,658.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Hagedorn sold 3,125 shares of UMB Financial Corporation stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $74.54, for a total value of $232,937.50. Following the completion of the transaction, the insider now owns 66,743 shares of the company’s stock, valued at approximately $4,975,023.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,225 shares of company stock valued at $2,043,235. 10.09% of the stock is currently owned by company insiders.

About UMB Financial Corporation

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

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Institutional Ownership by Quarter for UMB Financial Corporation (NASDAQ:UMBF)

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