American Century Companies Inc. Has $215.27 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

American Century Companies Inc. lowered its stake in UMB Financial Co. (NASDAQ:UMBF) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,907,422 shares of the bank’s stock after selling 40,605 shares during the quarter. American Century Companies Inc.’s holdings in UMB Financial were worth $215,272,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UMBF. Natixis Advisors LLC lifted its stake in shares of UMB Financial by 51.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after purchasing an additional 9,803 shares during the period. Commerce Bank lifted its stake in shares of UMB Financial by 0.3% in the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after purchasing an additional 142 shares during the period. King Luther Capital Management Corp lifted its stake in shares of UMB Financial by 229.6% in the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after purchasing an additional 32,820 shares during the period. Intech Investment Management LLC lifted its stake in shares of UMB Financial by 35.8% in the 3rd quarter. Intech Investment Management LLC now owns 13,311 shares of the bank’s stock valued at $1,399,000 after purchasing an additional 3,507 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of UMB Financial by 48.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 5,792 shares of the bank’s stock valued at $609,000 after purchasing an additional 1,882 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on UMBF shares. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler upped their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Citigroup restated a “neutral” rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.71.

UMB Financial Price Performance

UMBF stock opened at $102.35 on Friday. The stock has a 50-day moving average price of $111.24 and a two-hundred day moving average price of $112.37. The stock has a market cap of $7.44 billion, a PE ratio of 11.38 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Equities analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. UMB Financial’s dividend payout ratio is 17.80%.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.