Knights of Columbus Asset Advisors LLC Acquires New Position in UMB Financial Co. (NASDAQ:UMBF)

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 20,263 shares of the bank’s stock, valued at approximately $2,287,000.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC grew its stake in UMB Financial by 767.4% during the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after acquiring an additional 18,817 shares in the last quarter. US Bancorp DE grew its stake in UMB Financial by 46.9% during the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock valued at $1,479,000 after acquiring an additional 4,182 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after buying an additional 694,751 shares during the period. Natixis Advisors LLC grew 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 buying an additional 9,803 shares during the period. Finally, King Luther Capital Management Corp grew 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 buying an additional 32,820 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

UMBF has been the subject of several analyst reports. Piper Sandler increased their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Citigroup restated a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a 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. Based on data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and a consensus target price of $128.71.

UMB Financial Price Performance

UMB Financial stock opened at $102.35 on Friday. The firm has a market cap of $7.44 billion, a PE ratio of 11.38 and a beta of 0.79. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $111.24 and its two-hundred day moving average is $112.37.

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 net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the firm posted $2.29 EPS. On average, research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued 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 yield of 1.56%. UMB Financial’s dividend payout ratio (DPR) is presently 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.