WCM Investment Management LLC Has $19.63 Million Stock Position in UMB Financial Corporation $UMBF

WCM Investment Management LLC cut its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,464 shares of the bank’s stock after selling 6,621 shares during the quarter. WCM Investment Management LLC’s holdings in UMB Financial were worth $19,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. B. Metzler seel. Sohn & Co. AG increased its holdings in UMB Financial by 40.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock worth $4,402,000 after purchasing an additional 11,083 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of UMB Financial by 5,349.0% during the 4th quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock valued at $1,561,000 after purchasing an additional 13,319 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of UMB Financial by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock worth $70,639,000 after purchasing an additional 9,147 shares during the period. SG Americas Securities LLC boosted its holdings in shares of UMB Financial by 62.7% in the 1st quarter. SG Americas Securities LLC now owns 20,784 shares of the bank’s stock worth $2,344,000 after buying an additional 8,013 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in UMB Financial during the fourth quarter valued at about $15,415,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Stock Performance

NASDAQ UMBF opened at $145.99 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a twelve month low of $103.38 and a twelve month high of $148.31. The stock’s 50-day simple moving average is $135.70 and its two-hundred day simple moving average is $126.13. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.81 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. Research analysts forecast that UMB Financial Corporation will post 12.85 EPS for the current fiscal year.

UMB Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Stephens started coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective for the company. Truist Financial boosted their target price on UMB Financial from $140.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company upped their price target on UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, TD Cowen increased their price target on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.17.

Insiders Place Their Bets

In other news, President James D. Rine sold 8,246 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the transaction, the president directly owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction 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 sale, the director directly owned 12,223 shares in the company, valued at $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.33% of the company’s stock.

UMB Financial 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.