UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 73.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,648 shares of the bank’s stock after purchasing an additional 18,130 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of UMB Financial worth $4,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UMBF. Jacobs Levy Equity Management Inc. boosted its stake in UMB Financial by 1.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 83,636 shares of the bank’s stock worth $9,439,000 after purchasing an additional 1,299 shares during the last quarter. Fiduciary Trust Co acquired a new position in UMB Financial during the fourth quarter worth about $269,000. Deutsche Bank AG boosted its position in UMB Financial by 16.4% during the fourth quarter. Deutsche Bank AG now owns 88,320 shares of the bank’s stock worth $9,968,000 after acquiring an additional 12,423 shares during the last quarter. EP Wealth Advisors LLC grew its stake in UMB Financial by 5.8% during the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank’s stock valued at $266,000 after acquiring an additional 130 shares in the last quarter. Finally, Crestline Management LP raised its holdings in UMB Financial by 219.5% in the 4th quarter. Crestline Management LP now owns 12,129 shares of the bank’s stock valued at $1,369,000 after acquiring an additional 8,333 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. Citigroup restated a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on UMB Financial from $128.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company upped their target price on UMB Financial from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, May 1st. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, Truist Financial assumed coverage on shares of UMB Financial in a report on Tuesday, May 13th. They issued a “buy” rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.33.

UMB Financial Stock Up 0.5%

Shares of NASDAQ:UMBF opened at $107.05 on Monday. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 11.91 and a beta of 0.72. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94. The business has a 50-day moving average price of $97.78 and a 200 day moving average price of $109.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.37. The business had revenue of $563.84 million during the quarter, compared to analysts’ expectations of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The business’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same period last year, the business earned $2.47 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.49%. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

UMB Financial 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.