Choreo LLC Sells 4,974 Shares of UMB Financial Corporation $UMBF

Choreo LLC reduced its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 39.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,626 shares of the bank’s stock after selling 4,974 shares during the quarter. Choreo LLC’s holdings in UMB Financial were worth $905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 267 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after buying an additional 177 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of UMB Financial by 168.6% in the third quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock valued at $89,000 after acquiring an additional 472 shares during the last quarter. Finally, Covestor Ltd raised its stake 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 acquiring an additional 252 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $117.74 on Wednesday. The company has a market cap of $8.96 billion, a PE ratio of 12.90, a PEG ratio of 0.85 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $136.11. The company’s 50-day moving average is $123.50 and its two-hundred day moving average is $118.38.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same period in the previous year, the firm posted $2.49 earnings per share. UMB Financial’s revenue for the quarter was up 66.0% compared to the same quarter last year. Equities analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 18.84%.

Analyst Ratings Changes

A number of research firms have commented on UMBF. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup upped their price target on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Finally, Morgan Stanley upped their target price on shares of UMB Financial from $154.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $141.18.

Insider Buying and Selling

In other news, Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the transaction, the director directly owned 12,488 shares in the company, valued at approximately $1,614,698.40. The trade was a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the completion of the sale, the chief executive officer owned 1,506,200 shares in the company, valued at $193,682,258. This represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,469 shares of company stock valued at $4,218,998 over the last three months. Company insiders own 5.45% of the company’s stock.

UMB Financial Company Profile

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.