American Century Companies Inc. Sells 390,685 Shares of UMB Financial Corporation $UMBF

American Century Companies Inc. trimmed its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 19.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,594,380 shares of the bank’s stock after selling 390,685 shares during the quarter. American Century Companies Inc. owned approximately 2.10% of UMB Financial worth $188,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Handelsbanken Fonder AB increased its stake in UMB Financial by 22.5% in the third quarter. Handelsbanken Fonder AB now owns 17,990 shares of the bank’s stock worth $2,129,000 after purchasing an additional 3,300 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of UMB Financial by 3.6% during the third quarter. Integrated Advisors Network LLC now owns 25,753 shares of the bank’s stock valued at $3,048,000 after purchasing an additional 903 shares during the period. Neumeier Poma Investment Counsel LLC lifted its holdings in UMB Financial by 10.2% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 338,052 shares of the bank’s stock valued at $40,008,000 after buying an additional 31,288 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in UMB Financial by 21.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,910 shares of the bank’s stock valued at $344,000 after buying an additional 506 shares during the period. Finally, CenterBook Partners LP grew its stake in UMB Financial by 22.8% in the 3rd quarter. CenterBook Partners LP now owns 8,879 shares of the bank’s stock worth $1,051,000 after acquiring an additional 1,648 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UMBF shares. Royal Bank Of Canada set a $134.00 price target on UMB Financial and gave the company an “outperform” rating in a report on Monday, January 12th. Truist Financial set a $150.00 target price on UMB Financial in a report on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Piper Sandler increased their target price on shares of UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $141.00.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 15,214 shares of the company’s stock in a transaction dated 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 transaction, 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. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Greg M. Graves bought 220 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the purchase, the director directly owned 39,541 shares in the company, valued at $5,054,526.03. This represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,469 shares of company stock worth $4,218,998. 5.45% of the stock is owned by insiders.

UMB Financial Trading Down 6.3%

NASDAQ:UMBF opened at $115.88 on Friday. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.83 and a beta of 0.79. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $136.11. 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 firm has a 50 day moving average of $123.57 and a 200 day moving average of $118.35.

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

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio is currently 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.