Mutual of America Capital Management LLC Sells 4,356 Shares of UMB Financial Corporation $UMBF

Mutual of America Capital Management LLC lessened its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,871 shares of the bank’s stock after selling 4,356 shares during the quarter. Mutual of America Capital Management LLC owned 0.14% of UMB Financial worth $12,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after buying an additional 267 shares in the last quarter. Covestor Ltd grew its position in UMB Financial by 46.2% in the third quarter. Covestor Ltd now owns 798 shares of the bank’s stock valued at $94,000 after acquiring an additional 252 shares during the period. Hilltop National Bank acquired a new position in UMB Financial during the second quarter worth $105,000. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of UMB Financial by 8,790.9% during the third quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock valued at $116,000 after acquiring an additional 967 shares during the period. 87.78% of the stock is owned by institutional investors.

UMB Financial Price Performance

UMB Financial stock opened at $122.50 on Tuesday. The business’s 50-day simple moving average is $117.07 and its 200 day simple moving average is $115.38. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.00 and a beta of 0.78. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.18.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. The company had revenue of $678.34 million for the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The company’s revenue was up 67.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. As a group, research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UMBF. Barclays set a $155.00 target price on shares of UMB Financial and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Weiss Ratings lowered UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Morgan Stanley upped their price target on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.10.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 460 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $110.71, for a total value of $50,926.60. Following the transaction, the director owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the transaction, the insider owned 13,667 shares of the company’s stock, valued at $1,449,932.03. The trade was a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,127 shares of company stock worth $1,949,594 over the last quarter. 5.45% of the stock is currently owned by insiders.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.