Liberty Mutual Group Asset Management Inc. Sells 76 Shares of UMB Financial Corporation (UMBF)
Liberty Mutual Group Asset Management Inc. lowered its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 19,982 shares of the bank’s stock after selling 76 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in UMB Financial Corporation were worth $1,505,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of UMBF. Tyers Asset Management LLC purchased a new stake in shares of UMB Financial Corporation during the fourth quarter worth approximately $100,000. Elkfork Partners LLC purchased a new stake in shares of UMB Financial Corporation during the fourth quarter worth approximately $137,000. PNC Financial Services Group Inc. boosted its stake in shares of UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after buying an additional 330 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of UMB Financial Corporation by 11.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,520 shares of the bank’s stock worth $190,000 after buying an additional 252 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in UMB Financial Corporation during the fourth quarter worth about $200,000. 82.08% of the stock is currently owned by institutional investors and hedge funds.
UMB Financial Corporation (NASDAQ:UMBF) traded down 0.05% during trading on Tuesday, hitting $73.21. 62,435 shares of the stock were exchanged. The stock has a market cap of $3.65 billion, a P/E ratio of 21.72 and a beta of 0.89. The stock has a 50 day moving average of $72.47 and a 200-day moving average of $75.37. UMB Financial Corporation has a 52 week low of $48.87 and a 52 week high of $81.55.
UMB Financial Corporation (NASDAQ:UMBF) last announced its earnings results on Tuesday, April 25th. The bank reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $252.57 million. UMB Financial Corporation had a net margin of 16.24% and a return on equity of 8.60%. Equities analysts expect that UMB Financial Corporation will post $3.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 9th will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, June 7th. UMB Financial Corporation’s payout ratio is 30.27%.
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UMBF has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, April 29th. Keefe, Bruyette & Woods set a $75.00 price objective on shares of UMB Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, April 4th. Raymond James Financial, Inc. raised shares of UMB Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Thursday, March 16th. FBR & Co reissued a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of UMB Financial Corporation in a research report on Friday, April 21st. Finally, Stephens reissued a “hold” rating on shares of UMB Financial Corporation in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $80.25.
In other news, Chairman J Mariner Kemper sold 21,600 shares of UMB Financial Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $75.17, for a total transaction of $1,623,672.00. Following the sale, the chairman now owns 186,373 shares of the company’s stock, valued at approximately $14,009,658.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J Walker Brian sold 2,260 shares of UMB Financial Corporation stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $75.13, for a total transaction of $169,793.80. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 2,285 shares of company stock worth $162,066 and have sold 58,072 shares worth $4,332,791. Insiders own 10.09% of the company’s stock.
UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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