UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 510.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,632 shares of the bank’s stock after acquiring an additional 7,218 shares during the quarter. Headlands Technologies LLC’s holdings in UMB Financial were worth $974,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in UMBF. OLD Mission Capital LLC acquired a new position in UMB Financial in the fourth quarter valued at approximately $3,290,000. Franklin Resources Inc. boosted its holdings in shares of UMB Financial by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 308,544 shares of the bank’s stock valued at $34,822,000 after buying an additional 26,186 shares in the last quarter. Wellington Management Group LLP grew its position in shares of UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after buying an additional 102,104 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of UMB Financial by 7.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank’s stock valued at $1,038,000 after buying an additional 653 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted 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 valued at $397,000 after acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several research reports. Piper Sandler raised their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley cut their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. StockNews.com downgraded UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th. Citigroup reaffirmed a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Barclays increased their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $128.71.

UMB Financial Stock Up 1.4 %

Shares of UMB Financial stock opened at $101.98 on Thursday. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The company has a market cap of $7.41 billion, a P/E ratio of 11.34 and a beta of 0.79. 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 firm has a fifty day moving average of $108.68 and a two-hundred day moving average of $112.41.

UMB Financial (NASDAQ:UMBF) last announced 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 net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the company earned $2.29 earnings per share. On average, analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now owns 13,010 shares of the company’s stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, 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. 5.45% of the stock is currently owned by company insiders.

UMB Financial Company 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.