Skyline Asset Management LP reduced its position in UMB Financial Corporation (NASDAQ:UMBF) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 311,200 shares of the company’s stock after selling 2,000 shares during the period. UMB Financial Corporation makes up 1.6% of Skyline Asset Management LP’s portfolio, making the stock its 25th largest position. Skyline Asset Management LP owned approximately 0.64% of UMB Financial Corporation worth $24,000,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its stake in shares of UMB Financial Corporation by 13.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,411 shares of the company’s stock worth $1,725,000 after buying an additional 3,952 shares in the last quarter. Legal & General Group Plc raised its stake in shares of UMB Financial Corporation by 34.4% in the second quarter. Legal & General Group Plc now owns 11,888 shares of the company’s stock worth $624,000 after buying an additional 3,042 shares in the last quarter. Amalgamated Bank raised its stake in shares of UMB Financial Corporation by 25.8% in the second quarter. Amalgamated Bank now owns 5,316 shares of the company’s stock worth $305,000 after buying an additional 1,090 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of UMB Financial Corporation by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 173,108 shares of the company’s stock worth $9,212,000 after buying an additional 10,824 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of UMB Financial Corporation by 856.1% in the second quarter. Public Employees Retirement System of Ohio now owns 13,682 shares of the company’s stock worth $728,000 after buying an additional 12,251 shares in the last quarter. Hedge funds and other institutional investors own 81.11% of the company’s stock.

Institutional Ownership by Quarter for UMB Financial Corporation (NASDAQ:UMBF)

UMB Financial Corporation (NASDAQ:UMBF) traded down 0.47% during midday trading on Thursday, hitting $79.77. The company had a trading volume of 128,882 shares. UMB Financial Corporation has a 52 week low of $47.68 and a 52 week high of $81.11. The stock has a 50 day moving average price of $76.20 and a 200 day moving average price of $67.51. The company has a market capitalization of $3.90 billion, a P/E ratio of 24.77 and a beta of 0.81.

UMB Financial Corporation (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 24th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. UMB Financial Corporation had a return on equity of 8.37% and a net margin of 15.86%. During the same period in the prior year, the company earned $0.70 EPS. Equities analysts forecast that UMB Financial Corporation will post $3.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 10th will be given a $0.255 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.28%. UMB Financial Corporation’s dividend payout ratio is currently 31.68%.

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A number of equities research analysts have recently weighed in on UMBF shares. Zacks Investment Research upgraded UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Friday, October 28th. Citigroup Inc. lowered UMB Financial Corporation to an “underperform” rating in a research report on Thursday, December 15th. They noted that the move was a valuation call. Wells Fargo & Company started coverage on UMB Financial Corporation in a research report on Friday, January 6th. They issued a “market perform” rating on the stock. FBR & Co started coverage on UMB Financial Corporation in a research report on Tuesday, January 10th. They issued a “market perform” rating and a $80.00 price objective on the stock. Finally, Piper Jaffray Companies lowered UMB Financial Corporation from an “overweight” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, January 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. UMB Financial Corporation presently has a consensus rating of “Hold” and an average target price of $71.40.

About UMB Financial Corporation

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