Goldman Sachs Group Inc. Trims Stake in UMB Financial Corporation $UMBF

Goldman Sachs Group Inc. trimmed its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 806,423 shares of the bank’s stock after selling 38,016 shares during the quarter. Goldman Sachs Group Inc.’s holdings in UMB Financial were worth $92,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in UMB Financial by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank’s stock worth $21,625,000 after buying an additional 4,589 shares in the last quarter. William Blair Investment Management LLC purchased a new position in UMB Financial during the third quarter worth about $29,484,000. Dynamic Technology Lab Private Ltd grew its position in UMB Financial by 660.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 26,070 shares of the bank’s stock worth $3,086,000 after buying an additional 22,640 shares in the last quarter. First National Bank of Omaha purchased a new position in UMB Financial during the third quarter worth about $2,158,000. Finally, Dimensional Fund Advisors LP grew its position in UMB Financial by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock worth $335,264,000 after buying an additional 94,451 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Price Performance

UMBF opened at $131.82 on Wednesday. The stock has a 50-day moving average price of $125.08 and a 200-day moving average price of $121.15. UMB Financial Corporation has a 12-month low of $98.16 and a 12-month high of $136.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $10.02 billion, a P/E ratio of 11.70, a PEG ratio of 0.88 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. During the same period in the prior year, the business earned $2.58 EPS. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities analysts predict that UMB Financial Corporation will post 12.76 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s payout ratio is 15.26%.

Wall Street Analyst Weigh In

UMBF has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Morgan Stanley cut their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. TD Cowen upped their price objective on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Piper Sandler upped their price objective on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $145.55.

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.