NFJ Investment Group LLC Sells 9,484 Shares of UMB Financial Corporation $UMBF

NFJ Investment Group LLC lessened its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 348,236 shares of the bank’s stock after selling 9,484 shares during the quarter. UMB Financial makes up 1.4% of NFJ Investment Group LLC’s holdings, making the stock its 19th biggest holding. NFJ Investment Group LLC’s holdings in UMB Financial were worth $40,061,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in shares of UMB Financial during the fourth quarter worth $34,000. Torren Management LLC bought a new stake in shares of UMB Financial during the fourth quarter worth $37,000. EverSource Wealth Advisors LLC grew its stake in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of UMB Financial by 419.2% during the fourth quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock worth $47,000 after buying an additional 327 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after buying an additional 177 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In related news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the transaction, the director owned 12,223 shares in the company, valued at $1,624,192.24. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President James D. Rine sold 8,246 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the transaction, the president owned 61,446 shares in the company, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays lifted their price target 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. Royal Bank Of Canada lifted their price target 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. Truist Financial set a $140.00 price target on shares of UMB Financial in a report on Friday, May 1st. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $145.55.

UMB Financial Price Performance

UMBF stock opened at $135.37 on Friday. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.92 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12-month low of $98.16 and a 12-month high of $136.11. The company’s fifty day simple moving average is $126.33 and its 200 day simple moving average is $121.61.

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, beating the consensus estimate of $2.82 by $0.59. The business had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 earnings per share. On average, analysts expect that UMB Financial Corporation will post 12.8 earnings per share for the current year.

UMB Financial Announces Dividend

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

About UMB Financial

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.