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

Envestnet Asset Management Inc. raised its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,721 shares of the bank’s stock after purchasing an additional 4,589 shares during the quarter. Envestnet Asset Management Inc. owned about 0.24% of UMB Financial worth $21,625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after buying an additional 171 shares during the period. EverSource Wealth Advisors LLC raised its stake in UMB Financial by 193.5% in the 2nd 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 last quarter. Covestor Ltd lifted its position in UMB Financial by 46.2% during the 3rd quarter. Covestor Ltd now owns 798 shares of the bank’s stock worth $94,000 after acquiring an additional 252 shares during the period. 1620 Investment Advisors Inc. lifted its position in UMB Financial by 8,790.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock worth $116,000 after acquiring an additional 967 shares during the period. Finally, MAI Capital Management grew its stake in UMB Financial by 51.9% during the 2nd quarter. MAI Capital Management now owns 1,171 shares of the bank’s stock valued at $123,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

NASDAQ:UMBF opened at $128.77 on Friday. The company has a 50 day moving average price of $122.41 and a 200-day moving average price of $117.35. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $136.11. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last released its quarterly 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. The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm’s revenue was up 66.0% on a year-over-year basis. During the same quarter last year, the business earned $2.49 earnings per share. Equities research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings downgraded shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Piper Sandler lifted their price objective on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Citigroup increased their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average target price of $141.00.

Insider Buying and Selling

In other news, Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares in the company, valued at $174,323,616.12. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 34,469 shares of company stock valued at $4,218,998. 5.45% of the stock is owned by company insiders.

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.