Geode Capital Management LLC raised its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 422,435 shares of the bank’s stock after purchasing an additional 12,220 shares during the period. Geode Capital Management LLC owned 0.85% of UMB Financial worth $30,381,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in UMB Financial by 14.2% during the 3rd quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock worth $71,101,000 after purchasing an additional 118,896 shares during the last quarter. Legal & General Group Plc raised its position in UMB Financial by 8.5% during the 3rd quarter. Legal & General Group Plc now owns 51,582 shares of the bank’s stock worth $3,844,000 after purchasing an additional 4,061 shares during the last quarter. Crestline Management LP bought a new position in UMB Financial during the 3rd quarter worth $2,533,000. Russell Investments Group Ltd. raised its position in UMB Financial by 8.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 226,007 shares of the bank’s stock worth $16,835,000 after purchasing an additional 17,540 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in UMB Financial by 4.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 250,009 shares of the bank’s stock worth $18,624,000 after purchasing an additional 9,767 shares during the last quarter. 85.09% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

In related news, Chairman J Mariner Kemper sold 5,451 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $77.02, for a total value of $419,836.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Walker Brian sold 3,454 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $76.36, for a total value of $263,747.44. The disclosure for this sale can be found here. Insiders purchased a total of 1,776 shares of company stock valued at $135,338 over the last ninety days. 10.26% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on UMBF. Piper Jaffray Companies raised their target price on UMB Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Wells Fargo lifted their price objective on UMB Financial from $71.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Zacks Investment Research lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Finally, BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. UMB Financial presently has a consensus rating of “Hold” and an average target price of $78.00.

UMB Financial Co. (NASDAQ UMBF) opened at $73.80 on Friday. UMB Financial Co. has a 12-month low of $62.27 and a 12-month high of $78.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $3,804.08, a PE ratio of 14.85, a PEG ratio of 1.51 and a beta of 0.88.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. The firm had revenue of $252.38 million during the quarter, compared to analyst estimates of $254.98 million. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. research analysts predict that UMB Financial Co. will post 4.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, March 8th. UMB Financial’s payout ratio is presently 23.34%.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/geode-capital-management-llc-has-30-38-million-position-in-umb-financial-co-umbf/1959649.html.

UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.