SG Americas Securities LLC Has $235,000 Position in UMB Financial Co. (NASDAQ:UMBF)

SG Americas Securities LLC lowered its holdings in UMB Financial Co. (NASDAQ:UMBF) by 90.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,807 shares of the bank’s stock after selling 27,784 shares during the quarter. SG Americas Securities LLC’s holdings in UMB Financial were worth $235,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in UMB Financial in the third quarter worth $74,000. Captrust Financial Advisors boosted its stake in UMB Financial by 93.5% in the second quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock worth $95,000 after purchasing an additional 536 shares in the last quarter. Quantbot Technologies LP acquired a new position in UMB Financial in the third quarter worth $179,000. Jones Financial Companies Lllp acquired a new position in UMB Financial in the third quarter worth $199,000. Finally, Franklin Resources Inc. boosted its stake in UMB Financial by 6.2% in the second quarter. Franklin Resources Inc. now owns 2,334 shares of the bank’s stock worth $201,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Trading Up 0.1 %

NASDAQ UMBF opened at $80.78 on Friday. The stock has a 50-day simple moving average of $81.76 and a 200 day simple moving average of $75.90. The company has a market capitalization of $3.94 billion, a PE ratio of 11.25 and a beta of 0.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 12 month low of $50.68 and a 12 month high of $87.36.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.53. The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 earnings per share. Research analysts forecast that UMB Financial Co. will post 7.29 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a yield of 1.93%. UMB Financial’s dividend payout ratio is presently 21.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UMBF shares. Piper Sandler upped their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their price target on UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday. Barclays started coverage on UMB Financial in a research note on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target on the stock. Raymond James upped their price target on UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Finally, StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now directly owns 1,738,604 shares in the company, valued at $148,268,149.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now directly owns 1,738,604 shares in the company, valued at $148,268,149.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the completion of the sale, the insider now owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,277 shares of company stock worth $2,264,661. 8.85% of the stock is owned by insiders.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.