SG Americas Securities LLC Boosts Holdings in UMB Financial Corporation $UMBF

SG Americas Securities LLC increased its position in UMB Financial Corporation (NASDAQ:UMBF) by 698.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,459 shares of the bank’s stock after purchasing an additional 12,647 shares during the quarter. SG Americas Securities LLC’s holdings in UMB Financial were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after buying an additional 1,286,543 shares during the last quarter. Norges Bank acquired a new position in shares of UMB Financial in the second quarter worth about $93,829,000. State Street Corp boosted its holdings in UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in UMB Financial by 26.1% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 644,644 shares of the bank’s stock valued at $67,791,000 after purchasing an additional 133,507 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in UMB Financial by 43.0% during the 2nd quarter. First Trust Advisors LP now owns 402,629 shares of the bank’s stock worth $42,340,000 after purchasing an additional 121,043 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Up 2.1%

Shares of NASDAQ:UMBF opened at $123.30 on Friday. The company’s fifty day moving average is $115.04 and its two-hundred day moving average is $114.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $126.14. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. The business had revenue of $678.34 million during the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The company’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 EPS. Equities analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s payout ratio is currently 19.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen reduced their target price on UMB Financial from $149.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Raymond James Financial reiterated a “strong-buy” rating and set a $135.00 price objective (down from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Barclays set a $155.00 price objective on shares of UMB Financial and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Royal Bank Of Canada set a $134.00 target price on shares of UMB Financial and gave the company an “outperform” rating in a research note on Monday. Finally, Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.10.

Insider Buying and Selling

In related news, Director Greg M. Graves purchased 264 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $106.41 per share, with a total value of $28,092.24. Following the acquisition, the director owned 38,411 shares in the company, valued at approximately $4,087,314.51. This trade represents a 0.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 15,367 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at approximately $174,323,616.12. The trade was a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,127 shares of company stock worth $1,949,594. Company insiders own 5.45% of the company’s stock.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.