UBS Asset Management Americas Inc. Has $2.81 Million Stock Position in UMB Financial Corp (NASDAQ:UMBF)
UBS Asset Management Americas Inc. grew its position in UMB Financial Corp (NASDAQ:UMBF) by 19.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,673 shares of the bank’s stock after buying an additional 6,835 shares during the period. UBS Asset Management Americas Inc. owned 0.09% of UMB Financial worth $2,809,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of UMB Financial by 3.6% during the first quarter. New York State Common Retirement Fund now owns 46,100 shares of the bank’s stock worth $2,952,000 after purchasing an additional 1,600 shares during the period. Champlain Investment Partners LLC lifted its holdings in UMB Financial by 6.3% during the first quarter. Champlain Investment Partners LLC now owns 1,504,115 shares of the bank’s stock worth $96,324,000 after acquiring an additional 88,905 shares in the last quarter. Diversified Trust Co lifted its holdings in UMB Financial by 5.0% during the first quarter. Diversified Trust Co now owns 5,725 shares of the bank’s stock worth $367,000 after acquiring an additional 275 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in UMB Financial during the second quarter worth about $283,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in UMB Financial by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the bank’s stock worth $1,191,000 after acquiring an additional 252 shares in the last quarter. 85.60% of the stock is owned by institutional investors.
Several research analysts have weighed in on UMBF shares. Stephens reiterated a “buy” rating and set a $75.00 target price on shares of UMB Financial in a report on Monday, September 16th. BidaskClub upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Zacks Investment Research lowered UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $71.67.
UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. The company had revenue of $271.80 million for the quarter, compared to analyst estimates of $271.47 million. UMB Financial had a return on equity of 8.68% and a net margin of 16.17%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. On average, equities analysts expect that UMB Financial Corp will post 4.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $1.20 annualized dividend and a yield of 1.93%. UMB Financial’s payout ratio is presently 29.78%.
In related news, Chairman J Mariner Kemper sold 3,145 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $65.64, for a total transaction of $206,437.80. Following the sale, the chairman now owns 188,862 shares in the company, valued at $12,396,901.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kris A. Robbins sold 800 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $62.57, for a total value of $50,056.00. Following the transaction, the director now directly owns 4,796 shares in the company, valued at approximately $300,085.72. The disclosure for this sale can be found here. Insiders have sold 4,257 shares of company stock worth $276,615 in the last quarter. 10.45% of the stock is currently owned by corporate insiders.
About UMB Financial
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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