Jane Street Group LLC Decreases Position in UMB Financial Co. (NASDAQ:UMBF)

Jane Street Group LLC lessened its holdings in UMB Financial Co. (NASDAQ:UMBF) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,057 shares of the bank’s stock after selling 16,907 shares during the quarter. Jane Street Group LLC’s holdings in UMB Financial were worth $2,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. USA Financial Formulas grew its holdings in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares during the last quarter. Covestor Ltd grew its holdings in UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in UMB Financial in the 4th quarter worth $96,000. Steward Partners Investment Advisory LLC bought a new stake in UMB Financial in the 4th quarter worth $103,000. Finally, R Squared Ltd bought a new stake in UMB Financial in the 4th quarter worth $117,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Up 0.5%

Shares of NASDAQ UMBF opened at $107.05 on Friday. UMB Financial Co. has a 1 year low of $78.56 and a 1 year high of $129.94. The stock has a market cap of $8.13 billion, a P/E ratio of 11.91 and a beta of 0.72. The firm has a 50-day moving average of $97.78 and a 200 day moving average of $109.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The company had revenue of $563.84 million during the quarter, compared to analysts’ expectations of $555.79 million. During the same period last year, the company posted $2.47 EPS. UMB Financial’s revenue was up 41.4% on a year-over-year basis. As a group, sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. UMB Financial’s dividend payout ratio (DPR) is currently 20.13%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial assumed coverage on shares of UMB Financial in a report on Tuesday. They issued a “buy” rating and a $120.00 price target on the stock. Citigroup reissued a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Bank of America started coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on shares of UMB Financial from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $120.33.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.45% of the stock is currently owned by corporate 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.