Voya Investment Management LLC Has $1.55 Million Stock Holdings in UMB Financial Corporation $UMBF

Voya Investment Management LLC trimmed its position in UMB Financial Corporation (NASDAQ:UMBF) by 32.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,096 shares of the bank’s stock after selling 6,350 shares during the quarter. Voya Investment Management LLC’s holdings in UMB Financial were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after acquiring an additional 313,414 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of UMB Financial by 3.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock valued at $213,688,000 after purchasing an additional 63,147 shares during the last quarter. Geode Capital Management LLC grew its position in shares of UMB Financial by 6.9% in the second quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock valued at $194,173,000 after purchasing an additional 119,319 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after purchasing an additional 1,286,543 shares during the period. Finally, Norges Bank acquired a new position in shares of UMB Financial during the 2nd quarter worth about $93,829,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research analyst reports. TD Cowen lowered their target price on UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Morgan Stanley increased their price objective on UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Hovde Group assumed coverage on shares of UMB Financial in a research report on Monday, October 6th. They set an “outperform” rating on the stock. Barclays set a $155.00 price target on shares of UMB Financial and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

UMB Financial Stock Down 1.5%

UMBF opened at $117.16 on Tuesday. The company has a market capitalization of $8.90 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s fifty day moving average price is $112.49 and its two-hundred day moving average price is $112.87. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $126.14.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The company had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. During the same quarter in the prior year, the company posted $2.25 EPS. The business’s revenue was up 67.0% on a year-over-year basis. On average, analysts anticipate that UMB Financial Corporation will post 9.66 EPS 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 given a dividend of $0.43 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio is 19.48%.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 15,367 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer directly owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. The trade was a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 460 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total value of $50,926.60. Following the sale, the director owned 12,090 shares in the company, valued at $1,338,483.90. The trade was a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,127 shares of company stock valued at $1,949,594 in the last ninety days. Insiders own 5.45% of the company’s stock.

About UMB Financial

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.