Universal Beteiligungs und Servicegesellschaft mbH Purchases 1,936 Shares of UMB Financial Corporation $UMBF

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,709 shares of the bank’s stock after acquiring an additional 1,936 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of UMB Financial worth $6,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FORA Capital LLC bought a new position in shares of UMB Financial during the 1st quarter worth approximately $307,000. Focus Partners Advisor Solutions LLC acquired a new stake in UMB Financial in the first quarter valued at approximately $2,538,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in UMB Financial by 41.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,344 shares of the bank’s stock worth $6,101,000 after purchasing an additional 17,696 shares during the last quarter. US Bancorp DE increased its position in shares of UMB Financial by 27.8% during the first quarter. US Bancorp DE now owns 16,743 shares of the bank’s stock worth $1,693,000 after purchasing an additional 3,638 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of UMB Financial by 196.5% during the 1st quarter. HighTower Advisors LLC now owns 5,272 shares of the bank’s stock valued at $533,000 after purchasing an additional 3,494 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Trading Up 4.3%

Shares of UMB Financial stock opened at $108.83 on Friday. The stock has a market cap of $8.27 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. The firm has a fifty day moving average price of $113.39 and a 200 day moving average price of $110.59. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $129.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.48 by $0.22. The company had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The firm’s revenue was up 67.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. Equities research analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.6%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, December 10th. UMB Financial’s dividend payout ratio is 19.48%.

Insider Activity at UMB Financial

In other UMB Financial news, insider Phillip James Mason sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total value of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares of the company’s stock, valued at approximately $1,066,350.55. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 460 shares of UMB Financial stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $110.71, for a total transaction of $50,926.60. Following the transaction, the director directly owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. This trade represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 683 shares of company stock valued at $75,961 and sold 4,377 shares valued at $505,414. Insiders own 5.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of UMB Financial in a report on Wednesday. Morgan Stanley lifted their target price on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Truist Financial upped their price target on shares of UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Barclays set a $155.00 price target on shares of UMB Financial and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Cowen initiated coverage on shares of UMB Financial in a report on Wednesday, September 24th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.