SG Americas Securities LLC Purchases 8,013 Shares of UMB Financial Corporation $UMBF

SG Americas Securities LLC increased its position in UMB Financial Corporation (NASDAQ:UMBF) by 62.7% in the first quarter, HoldingsChannel reports. The firm owned 20,784 shares of the bank’s stock after purchasing an additional 8,013 shares during the quarter. SG Americas Securities LLC’s holdings in UMB Financial were worth $2,344,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in UMB Financial by 11.4% in the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after purchasing an additional 493,875 shares during the period. State Street Corp boosted its holdings in shares of UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after buying an additional 313,414 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after buying an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of UMB Financial by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock worth $328,439,000 after buying an additional 22,100 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of UMB Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock worth $219,529,000 after buying an additional 33,078 shares during the period. 87.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Barclays raised their target price on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley lifted their target price on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a report on Monday. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Hovde Group upped their price target on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $148.09.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $145.65 on Thursday. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $146.60. The firm’s 50-day moving average is $131.39 and its 200 day moving average is $123.96. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.97 and a beta of 0.77. 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 data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The business had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s revenue was up 31.1% compared to the same quarter last year. During the same period last year, the business earned $2.58 EPS. Sell-side analysts anticipate that UMB Financial Corporation will post 12.83 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.2%. UMB Financial’s dividend payout ratio is currently 15.26%.

Insider Transactions at UMB Financial

In other news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares of the company’s stock, valued at $1,624,192.24. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President James D. Rine sold 8,246 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the transaction, the president owned 61,446 shares in the company, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.33% 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.