UMB Financial Co. (NASDAQ:UMBF) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 58.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,438 shares of the bank’s stock after acquiring an additional 1,996 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in UMB Financial were worth $456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in UMB Financial during the fourth quarter valued at approximately $470,000. New York State Common Retirement Fund lifted its holdings in shares of UMB Financial by 1.8% during the 4th quarter. New York State Common Retirement Fund now owns 18,085 shares of the bank’s stock valued at $1,511,000 after acquiring an additional 323 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in UMB Financial during the 4th quarter worth $236,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in UMB Financial by 7.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,013 shares of the bank’s stock valued at $837,000 after purchasing an additional 730 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of UMB Financial during the fourth quarter worth about $228,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UMBF shares. Wells Fargo & Company increased their target price on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Keefe, Bruyette & Woods upped their target price on shares of UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Raymond James lifted their price target 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. Finally, Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $95.00 in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.00.

UMB Financial Trading Down 0.5 %

NASDAQ:UMBF opened at $82.11 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.00 billion, a PE ratio of 10.90 and a beta of 0.84. UMB Financial Co. has a 52 week low of $53.69 and a 52 week high of $87.36. The business’s 50 day moving average is $81.91 and its two-hundred day moving average is $78.46.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, June 7th. This represents a $1.56 annualized dividend and a yield of 1.90%. UMB Financial’s dividend payout ratio (DPR) is 20.72%.

Insider Activity

In related news, CEO J Mariner Kemper sold 1,440 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total transaction of $124,689.60. Following the completion of the transaction, the chief executive officer now directly owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the transaction, the chief executive officer now owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 625 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.21, for a total transaction of $50,131.25. Following the transaction, the director now owns 12,859 shares in the company, valued at approximately $1,031,420.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,079 shares of company stock valued at $2,159,628. 8.85% of the stock is currently owned by insiders.

UMB Financial 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.