MetLife Investment Management LLC Trims Stake in UMB Financial Co. (NASDAQ:UMBF)

MetLife Investment Management LLC decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,381 shares of the bank’s stock after selling 802 shares during the period. MetLife Investment Management LLC’s holdings in UMB Financial were worth $4,980,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd boosted its stake in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of UMB Financial during the second quarter worth about $128,000. CWM LLC raised its position in shares of UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after buying an additional 129 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of UMB Financial during the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insiders Place Their Bets

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Pauls sold 849 shares of UMB Financial stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $110.42, for a total value of $93,746.58. Following the sale, the executive vice president now directly owns 6,483 shares in the company, valued at approximately $715,852.86. The trade was a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,303 shares of company stock worth $5,830,165 in the last 90 days. 8.85% of the stock is owned by company insiders.

UMB Financial Price Performance

UMBF opened at $125.49 on Monday. UMB Financial Co. has a 52-week low of $71.04 and a 52-week high of $129.94. The company has a 50 day moving average of $112.80 and a two-hundred day moving average of $98.97. The company has a market cap of $6.12 billion, a P/E ratio of 15.69 and a beta of 0.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

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

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.28%. UMB Financial’s payout ratio is 19.50%.

Analyst Ratings Changes

Several research firms have commented on UMBF. Citigroup started coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Royal Bank of Canada initiated 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 on the stock. Finally, Wells Fargo & Company boosted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

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.