Geode Capital Management LLC Has $30.38 Million Position in UMB Financial Co. (UMBF)
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.
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.
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%.
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.
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