Barclays PLC Has $24.33 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Barclays PLC increased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 278.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,482 shares of the bank’s stock after acquiring an additional 170,375 shares during the period. Barclays PLC owned about 0.47% of UMB Financial worth $24,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Covestor Ltd lifted its stake in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the period. CWM LLC lifted its position in shares of UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares during the period. Truist Financial Corp lifted its position in shares of UMB Financial by 3.3% during the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after buying an additional 136 shares during the period. Commerce Bank boosted its stake in UMB Financial by 0.3% in the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after buying an additional 142 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock valued at $4,496,000 after acquiring an additional 200 shares during the period. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective for the company. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Citigroup started coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Royal Bank of Canada started coverage on shares of UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Finally, Barclays boosted their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $124.00.

Insider Activity

In related news, Director Greg M. Graves purchased 258 shares of UMB Financial stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the transaction, the director now directly owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is currently owned by insiders.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $122.18 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $116.58 and a 200 day simple moving average of $101.28. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The firm has a market cap of $5.96 billion, a P/E ratio of 15.27 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period last year, the firm earned $2.02 EPS. Sell-side analysts predict that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. UMB Financial’s dividend payout ratio is presently 20.00%.

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.