UMB Financial Corporation $UMBF Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,132 shares of the bank’s stock after selling 9,911 shares during the period. Envestnet Asset Management Inc. owned approximately 0.23% of UMB Financial worth $18,732,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of UMB Financial by 54.0% during the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock valued at $741,342,000 after acquiring an additional 2,570,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 78.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank’s stock worth $273,029,000 after purchasing an additional 1,185,671 shares during the last quarter. Wellington Management Group LLP boosted its holdings in UMB Financial by 19.1% during the first quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank’s stock valued at $243,359,000 after acquiring an additional 385,830 shares during the period. American Century Companies Inc. boosted its position in shares of UMB Financial by 7.7% in the first quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank’s stock valued at $207,660,000 after acquiring an additional 146,585 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in UMB Financial by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock worth $213,688,000 after buying an additional 63,147 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insiders Place Their Bets

In other UMB Financial news, insider Shannon Andresen Johnson sold 1,367 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the sale, the insider owned 34,124 shares in the company, valued at approximately $4,114,671.92. The trade was a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Phillip James Mason sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the transaction, the insider directly owned 8,815 shares of the company’s stock, valued at $1,066,350.55. This represents a 7.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have acquired 683 shares of company stock worth $75,961 and have sold 22,145 shares worth $2,578,583. 5.45% of the stock is owned by corporate insiders.

UMB Financial Stock Performance

Shares of UMBF opened at $107.16 on Thursday. The firm has a market cap of $8.14 billion, a P/E ratio of 12.14, a PEG ratio of 1.11 and a beta of 0.80. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.77 and a current ratio of 0.75. The firm’s 50 day moving average price is $117.01 and its two-hundred day moving average price is $109.97.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The business had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The firm’s quarterly revenue was up 67.0% on a year-over-year basis. During the same period last year, the business posted $2.25 earnings per share. On average, analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. UMB Financial’s dividend payout ratio is 19.48%.

Analyst Ratings Changes

UMBF has been the topic of a number of recent research reports. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $135.00 target price (down from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Royal Bank Of Canada boosted their price target on shares of UMB Financial from $122.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Piper Sandler restated an “overweight” rating and issued a $145.00 price target (down from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. Finally, Wells Fargo & Company lifted their price objective on UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.20.

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.