Allianz Asset Management GmbH Has $7.09 Million Position in UMB Financial Corporation $UMBF

Allianz Asset Management GmbH grew its stake in UMB Financial Corporation (NASDAQ:UMBF) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,927 shares of the bank’s stock after purchasing an additional 5,989 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of UMB Financial worth $7,092,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after acquiring an additional 267 shares during the period. Covestor Ltd grew its position in shares of UMB Financial by 46.2% in the third quarter. Covestor Ltd now owns 798 shares of the bank’s stock valued at $94,000 after purchasing an additional 252 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of UMB Financial by 8,790.9% during the third quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock worth $116,000 after purchasing an additional 967 shares during the period. Finally, MAI Capital Management lifted its holdings in UMB Financial by 51.9% during the 2nd quarter. MAI Capital Management now owns 1,171 shares of the bank’s stock worth $123,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Ratings Changes

UMBF has been the topic of a number of research reports. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the company an “outperform” rating in a report on Monday, January 12th. Barclays restated an “overweight” rating and issued a $160.00 price target on shares of UMB Financial in a research note on Thursday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Truist Financial set a $150.00 price objective on shares of UMB Financial in a research note on Friday, January 30th. Finally, TD Cowen reissued a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.00.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Greg M. Graves purchased 220 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the purchase, the director owned 39,541 shares in the company, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director directly owned 12,488 shares of the company’s stock, valued at $1,614,698.40. This trade represents a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,469 shares of company stock valued at $4,218,998. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Trading Down 0.0%

UMBF opened at $134.29 on Tuesday. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $136.11. The company has a 50-day simple moving average of $121.09 and a 200 day simple moving average of $116.85. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.97 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, beating the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. During the same period last year, the firm earned $2.49 EPS. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. Analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s dividend payout ratio is presently 18.84%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.