Sei Investments Co. Raises Position in UMB Financial Co. (NASDAQ:UMBF)

Sei Investments Co. grew its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 253,169 shares of the bank’s stock after acquiring an additional 12,206 shares during the period. Sei Investments Co.’s holdings in UMB Financial were worth $28,573,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in UMB Financial by 35.8% in the third quarter. Intech Investment Management LLC now owns 13,311 shares of the bank’s stock worth $1,399,000 after purchasing an additional 3,507 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in UMB Financial by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock valued at $60,982,000 after acquiring an additional 24,124 shares during the period. Citigroup Inc. boosted its stake in UMB Financial by 28.5% during the third quarter. Citigroup Inc. now owns 86,109 shares of the bank’s stock worth $9,051,000 after acquiring an additional 19,108 shares in the last quarter. Cerity Partners LLC grew its holdings in UMB Financial by 767.4% in the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock worth $2,236,000 after purchasing an additional 18,817 shares during the period. Finally, Hancock Whitney Corp bought a new position in shares of UMB Financial during the third quarter valued at approximately $843,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Down 0.2 %

UMBF opened at $105.05 on Wednesday. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $110.85 and a 200-day moving average price of $112.51. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 11.69 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the business posted $2.29 EPS. Equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. UMB Financial’s dividend payout ratio is currently 17.80%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UMBF shares. Piper Sandler upped their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup reiterated a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Morgan Stanley cut their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $128.71.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

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.