Edgestream Partners L.P. Sells 61,222 Shares of UMB Financial Corporation $UMBF

Edgestream Partners L.P. cut its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 63.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,296 shares of the bank’s stock after selling 61,222 shares during the quarter. Edgestream Partners L.P.’s holdings in UMB Financial were worth $3,712,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position in shares of UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock worth $25,000 after acquiring an additional 242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in UMB Financial in the first quarter worth $27,000. McIlrath & Eck LLC acquired a new stake in UMB Financial during the first quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in UMB Financial in the 1st quarter valued at $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of UMB Financial by 143.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock valued at $37,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of UMB Financial in a research report on Monday. TD Cowen decreased their price objective on UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Hovde Group initiated coverage on UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $135.00 price target (down previously from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Finally, Cowen started coverage on UMB Financial in a research report on Wednesday, September 24th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Nikki Farentino Newton sold 1,300 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 460 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $1,338,483.90. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.45% of the company’s stock.

UMB Financial Trading Up 3.6%

UMBF stock opened at $115.00 on Thursday. The business has a fifty day moving average price of $112.00 and a 200 day moving average price of $110.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $128.80. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 1.12 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted 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. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The company had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business’s revenue was up 67.0% on a year-over-year basis. Analysts expect that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s payout ratio is currently 18.12%.

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.