American Century Companies Inc. Sells 68,942 Shares of UMB Financial Corporation $UMBF

American Century Companies Inc. trimmed its position in UMB Financial Corporation (NASDAQ:UMBF) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,985,065 shares of the bank’s stock after selling 68,942 shares during the quarter. American Century Companies Inc. owned 2.61% of UMB Financial worth $208,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of UMB Financial by 54.0% in the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock valued at $741,342,000 after buying an additional 2,570,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in UMB Financial by 78.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank’s stock valued at $273,029,000 after purchasing an additional 1,185,671 shares in 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 purchasing an additional 385,830 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of UMB Financial by 3.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock valued at $213,688,000 after purchasing an additional 63,147 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of UMB Financial by 6.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after buying an additional 119,319 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Trading Up 4.3%

UMBF opened at $108.83 on Monday. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $113.39 and a two-hundred day moving average price of $110.61. The stock has a market capitalization of $8.27 billion, a PE ratio of 12.33, a PEG ratio of 1.11 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business had revenue of $678.34 million during the quarter, compared to analyst estimates of $661.60 million. During the same quarter last year, the business posted $2.25 earnings per share. UMB Financial’s revenue for the quarter was up 67.0% compared to the same quarter last year. As a group, equities analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 10th. This is an increase 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 presently 19.48%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased their price objective on UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of UMB Financial in a research report on Wednesday. Cowen initiated coverage on shares of UMB Financial in a report on Wednesday, September 24th. They set a “buy” rating for the company. Morgan Stanley upped their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Hovde Group initiated coverage on shares of UMB Financial in a research note on Monday, October 6th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $137.20.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 460 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the transaction, the director owned 12,090 shares of the company’s stock, valued at $1,338,483.90. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the sale, the insider owned 13,667 shares of the company’s stock, valued at approximately $1,449,932.03. The trade was a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 683 shares of company stock valued at $75,961 and have sold 3,627 shares valued at $414,686. Insiders own 5.45% of the company’s stock.

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.