Gallagher Fiduciary Advisors LLC Takes $1.04 Million Position in UMB Financial Corporation $UMBF

Gallagher Fiduciary Advisors LLC bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,310 shares of the bank’s stock, valued at approximately $1,044,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MBM Wealth Consultants LLC purchased a new position in UMB Financial in the first quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in UMB Financial during the 4th quarter worth approximately $27,000. Axiom Investment Management LLC acquired a new position in shares of UMB Financial in the 1st quarter valued at approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of UMB Financial in the 4th quarter valued at approximately $34,000. Finally, Torren Management LLC purchased a new position in shares of UMB Financial during the 4th quarter valued at approximately $37,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on UMBF shares. Citigroup reissued a “neutral” rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a research report on Friday, July 31st. Barclays reiterated an “overweight” rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Morgan Stanley raised their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. JPMorgan Chase & Co. assumed coverage on shares of UMB Financial in a research report on Thursday, August 20th. They issued an “overweight” rating and a $180.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Insiders Place Their Bets

In other UMB Financial news, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total value of $297,200.00. Following the transaction, the insider owned 11,981 shares of the company’s stock, valued at $1,780,376.60. This trade represents a 14.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 15,062 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total value of $2,237,460.10. Following the completion of the transaction, the chief executive officer owned 1,491,138 shares of the company’s stock, valued at approximately $221,508,549.90. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 34,171 shares of company stock worth $4,919,826. Corporate insiders own 5.33% of the company’s stock.

UMB Financial Stock Performance

UMBF stock opened at $143.57 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $10.90 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.71 and a beta of 0.77. UMB Financial Corporation has a 12-month low of $103.38 and a 12-month high of $153.32. The stock’s 50 day simple moving average is $144.19 and its 200 day simple moving average is $130.61.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period last year, the business posted $2.96 earnings per share. As a group, equities research analysts predict that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is 14.32%.

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.