Mirae Asset Global Investments Co. Ltd. Raises Position in UMB Financial Co. (NASDAQ:UMBF)

Mirae Asset Global Investments Co. Ltd. increased its holdings in UMB Financial Co. (NASDAQ:UMBF) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,244 shares of the bank’s stock after acquiring an additional 678 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in UMB Financial were worth $1,691,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of UMB Financial by 10.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,797 shares of the bank’s stock valued at $1,535,000 after acquiring an additional 1,527 shares during the period. BlackRock Inc. boosted its stake in shares of UMB Financial by 0.3% during the 1st quarter. BlackRock Inc. now owns 5,164,237 shares of the bank’s stock valued at $501,757,000 after purchasing an additional 16,698 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of UMB Financial by 7.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,436 shares of the bank’s stock valued at $2,339,000 after purchasing an additional 1,581 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of UMB Financial by 2.3% during the 1st quarter. Yousif Capital Management LLC now owns 23,530 shares of the bank’s stock valued at $2,286,000 after purchasing an additional 525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of UMB Financial by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,062,319 shares of the bank’s stock valued at $103,218,000 after purchasing an additional 11,391 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In other news, EVP John Pauls sold 1,440 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total transaction of $114,494.40. Following the completion of the transaction, the executive vice president now directly owns 8,496 shares of the company’s stock, valued at $675,516.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Abigail M. Wendel sold 1,182 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Pauls sold 1,440 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total transaction of $114,494.40. Following the transaction, the executive vice president now directly owns 8,496 shares of the company’s stock, valued at $675,516.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,277 shares of company stock worth $2,264,661. Corporate insiders own 8.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on UMBF shares. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Piper Sandler boosted their price objective on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Raymond James boosted their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Barclays started coverage on shares of UMB Financial in a research note on Friday, March 8th. They set an “equal weight” rating and a $91.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.00.

UMB Financial Trading Up 1.5 %

Shares of NASDAQ UMBF opened at $81.44 on Friday. The firm’s 50 day moving average price is $81.65 and its 200-day moving average price is $76.83. The company has a market cap of $3.97 billion, a PE ratio of 11.34 and a beta of 0.83. UMB Financial Co. has a 52-week low of $50.68 and a 52-week high of $87.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72.

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

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a $0.39 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.56 annualized dividend and a dividend yield of 1.92%. UMB Financial’s dividend payout ratio is presently 21.73%.

UMB Financial Company Profile

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.