Victory Capital Management Inc. Has $106,000 Position in UMB Financial Corp. (UMBF)
Victory Capital Management Inc. raised its position in shares of UMB Financial Corp. (NASDAQ:UMBF) by 77.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,998 shares of the company’s stock after buying an additional 869 shares during the period. Victory Capital Management Inc.’s holdings in UMB Financial Corp. were worth $106,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. raised its stake in shares of UMB Financial Corp. by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,023,592 shares of the company’s stock worth $52,848,000 after buying an additional 23,328 shares during the last quarter. State Street Corp raised its stake in UMB Financial Corp. by 12.9% in the first quarter. State Street Corp now owns 1,314,542 shares of the company’s stock worth $67,866,000 after buying an additional 150,084 shares in the last quarter. Capstone Asset Management Co. raised its stake in UMB Financial Corp. by 6.2% in the second quarter. Capstone Asset Management Co. now owns 13,993 shares of the company’s stock worth $745,000 after buying an additional 820 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in UMB Financial Corp. by 2.7% in the second quarter. GHP Investment Advisors Inc. now owns 8,183 shares of the company’s stock worth $435,000 after buying an additional 218 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in UMB Financial Corp. by 3.7% in the first quarter. Prudential Financial Inc. now owns 101,270 shares of the company’s stock worth $5,229,000 after buying an additional 3,600 shares in the last quarter. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UMB Financial Corp. (NASDAQ:UMBF) traded down 0.61% during trading on Friday, hitting $60.63. The stock had a trading volume of 20,789 shares. The stock has a market cap of $3.00 billion, a P/E ratio of 23.67 and a beta of 0.86. UMB Financial Corp. has a one year low of $39.55 and a one year high of $61.24. The stock’s 50 day moving average price is $59.21 and its 200-day moving average price is $55.73.
UMB Financial Corp. (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 26th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. UMB Financial Corp. had a net margin of 13.28% and a return on equity of 6.71%. The firm earned $242.70 million during the quarter, compared to the consensus estimate of $240.10 million. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that UMB Financial Corp. will post $3.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were issued a $0.245 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.98 annualized dividend and a yield of 1.61%. UMB Financial Corp.’s dividend payout ratio (DPR) is presently 38.28%.
A number of research firms have weighed in on UMBF. Zacks Investment Research upgraded UMB Financial Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Thursday, August 11th. Keefe, Bruyette & Woods upped their target price on UMB Financial Corp. from $52.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. UMB Financial Corp. currently has an average rating of “Buy” and a consensus price target of $59.00.
In related news, insider J Walker Brian sold 3,047 shares of UMB Financial Corp. stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $60.45, for a total value of $184,191.15. Following the completion of the sale, the insider now owns 5,776 shares in the company, valued at approximately $349,159.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian R. Swett sold 1,518 shares of UMB Financial Corp. stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $60.51, for a total transaction of $91,854.18. Following the completion of the sale, the executive vice president now owns 5,746 shares of the company’s stock, valued at approximately $347,690.46. The disclosure for this sale can be found here. 10.32% of the stock is currently owned by corporate insiders.
About UMB Financial Corp.
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