Sei Investments Co. increased its stake in UMB Financial Corp (NASDAQ:UMBF) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,465 shares of the bank’s stock after buying an additional 4 shares during the period. Sei Investments Co. owned 0.06% of UMB Financial Corp worth $2,056,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC increased its position in UMB Financial Corp 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 last quarter. Invictus RG bought a new position in UMB Financial Corp during the first quarter valued at $111,000. PNC Financial Services Group Inc. increased its position in UMB Financial Corp 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 last quarter. Elkfork Partners LLC increased its position in UMB Financial Corp 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 last quarter. Finally, Meadow Creek Investment Management LLC increased its position in UMB Financial Corp 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 last quarter. 82.01% of the stock is owned by institutional investors.

Shares of UMB Financial Corp (NASDAQ:UMBF) opened at 67.24 on Friday. UMB Financial Corp has a 12 month low of $57.31 and a 12 month high of $81.55. The stock has a 50 day moving average price of $70.56 and a 200-day moving average price of $73.62. The stock has a market cap of $3.36 billion, a P/E ratio of 19.43 and a beta of 0.86.

UMB Financial Corp (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by $0.02. The firm had revenue of $247.70 million for the quarter, compared to analyst estimates of $261.84 million. UMB Financial Corp had a return on equity of 8.80% and a net margin of 18.07%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, analysts forecast that UMB Financial Corp will post $3.65 EPS for the current fiscal year.

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Several equities analysts have weighed in on the company. Raymond James Financial, Inc. raised UMB Financial Corp from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. UBS AG raised UMB Financial Corp from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded UMB Financial Corp 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 Corp and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded UMB Financial Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. UMB Financial Corp currently has a consensus rating of “Hold” and a consensus price target of $78.20.

In other news, Director Alexander C. Kemper sold 2,500 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $74.65, for a total transaction of $186,625.00. Following the transaction, the director now directly owns 11,309 shares in the company, valued at approximately $844,216.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Hagedorn sold 3,125 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $74.54, for a total transaction of $232,937.50. Following the transaction, the insider now owns 66,743 shares in the company, valued at $4,975,023.22. The disclosure for this sale can be found here. Insiders have sold a total of 27,225 shares of company stock worth $2,043,235 over the last 90 days. 10.09% of the stock is owned by company insiders.

UMB Financial Corp Company Profile

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 Corp (NASDAQ:UMBF)

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