UMB Financial Corporation $UMBF Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in UMB Financial Corporation (NASDAQ:UMBF) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 266,751 shares of the bank’s stock after selling 19,930 shares during the quarter. Fisher Asset Management LLC’s holdings in UMB Financial were worth $30,687,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UMBF. Royal Bank of Canada lifted its holdings in shares of UMB Financial by 28.2% in the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock worth $4,329,000 after acquiring an additional 9,417 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of UMB Financial by 47.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock worth $570,000 after acquiring an additional 1,803 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of UMB Financial by 65.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock worth $21,017,000 after acquiring an additional 82,083 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of UMB Financial by 161.7% in the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after acquiring an additional 30,820 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in UMB Financial by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock worth $445,000 after buying an additional 269 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMB Financial stock opened at $134.39 on Wednesday. The firm has a market cap of $10.21 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.89 and a beta of 0.78. UMB Financial Corporation has a 52-week low of $98.16 and a 52-week high of $136.11. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $121.23 and its two-hundred day moving average is $119.59.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. During the same period in the prior year, the business earned $2.58 EPS. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. On average, research analysts expect that UMB Financial Corporation will post 12.76 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio is currently 15.26%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen increased their target price on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays increased their target price on shares of UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Royal Bank Of Canada increased their target price on shares of UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $145.55.

UMB Financial 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.