UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,021,285 shares of the bank’s stock after purchasing an additional 102,104 shares during the period. Wellington Management Group LLP’s holdings in UMB Financial were worth $228,122,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its stake in shares of UMB Financial by 7.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank’s stock worth $1,038,000 after buying an additional 653 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in UMB Financial by 9.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,603 shares of the bank’s stock worth $397,000 after acquiring an additional 304 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in UMB Financial by 25.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,791 shares of the bank’s stock valued at $766,000 after acquiring an additional 1,369 shares during the period. Norges Bank purchased a new stake in shares of UMB Financial during the 4th quarter worth $15,835,000. Finally, JPMorgan Chase & Co. grew its stake in shares of UMB Financial by 31.0% during the 4th quarter. JPMorgan Chase & Co. now owns 415,607 shares of the bank’s stock worth $46,905,000 after purchasing an additional 98,427 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $101.98 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The business’s fifty day moving average price is $108.68 and its two-hundred day moving average price is $112.41. The stock has a market cap of $7.41 billion, a PE ratio of 11.34 and a beta of 0.79. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating 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 last year, the company earned $2.29 EPS. On average, analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Analyst Ratings Changes

Several analysts recently commented on UMBF shares. Piper Sandler raised their price objective 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. Barclays boosted their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th. Finally, Citigroup reissued a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Hold” and an average target price of $128.71.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $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. 5.45% of the stock is owned by company insiders.

UMB Financial Profile

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.