Public Employees Retirement System of Ohio Purchases New Holdings in UMB Financial Corporation $UMBF

Public Employees Retirement System of Ohio purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,525 shares of the bank’s stock, valued at approximately $6,071,000. Public Employees Retirement System of Ohio owned approximately 0.06% of UMB Financial as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First National Bank of Omaha acquired a new position in shares of UMB Financial in the second quarter valued at $1,053,000. BlackRock Inc. acquired a new stake in UMB Financial during the second quarter worth $1,458,386,000. Commerce Bank bought a new stake in UMB Financial in the 2nd quarter valued at $4,197,000. Ceredex Value Advisors LLC bought a new stake in UMB Financial in the 2nd quarter valued at $14,112,000. Finally, NFJ Investment Group LLC acquired a new position in shares of UMB Financial in the 2nd quarter valued at $47,026,000. Institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UMBF shares. Keefe, Bruyette & Woods raised their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. started coverage on shares of UMB Financial in a research report on Thursday, August 20th. They issued an “overweight” rating and a $180.00 price target for the company. Stephens started coverage on shares of UMB Financial in a research note on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target for the company. Citigroup reaffirmed a “neutral” rating and set a $162.00 price objective (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Finally, Raymond James Financial assumed coverage on UMB Financial in a research note on Thursday, August 27th. They issued an “outperform” rating and a $165.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.54.

UMB Financial Trading Up 46.1%

Shares of UMB Financial stock opened at $137.95 on Wednesday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.69 and a beta of 0.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $144.93 and a 200 day simple moving average of $130.93. UMB Financial Corporation has a 12-month low of $68.92 and a 12-month high of $141.63.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period last year, the firm posted $2.96 EPS. Research analysts expect that UMB Financial Corporation will post 13.5 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is presently 14.32%.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 15,062 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer directly owned 1,491,138 shares in the company, valued at $221,508,549.90. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan G. Murphy sold 1,377 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total value of $200,422.35. Following the sale, the director directly owned 10,635 shares of the company’s stock, valued at $1,547,924.25. This represents a 11.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,171 shares of company stock worth $4,919,826 over the last 90 days. Company insiders own 5.33% of the company’s stock.

About UMB Financial

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.