Franklin Resources Inc. Has $34.82 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Franklin Resources Inc. increased its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,544 shares of the bank’s stock after acquiring an additional 26,186 shares during the quarter. Franklin Resources Inc. owned about 0.63% of UMB Financial worth $34,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Walleye Capital LLC bought a new position in shares of UMB Financial in the third quarter valued at approximately $231,000. Centiva Capital LP acquired a new position in shares of UMB Financial during the third quarter valued at $645,000. Point72 Asset Management L.P. bought a new position in UMB Financial in the third quarter valued at about $83,000. EP Wealth Advisors LLC acquired a new stake in UMB Financial in the third quarter worth about $234,000. Finally, Zurich Insurance Group Ltd FI bought a new stake in UMB Financial during the 3rd quarter worth about $48,531,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Stock Down 4.4 %

NASDAQ:UMBF opened at $86.88 on Friday. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 9.66 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $107.40 and a two-hundred day moving average price of $112.18. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) 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 period last year, the firm posted $2.29 earnings per share. As a group, equities analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. UMB Financial’s payout ratio is 17.80%.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler upped their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.71.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

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.