UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Choreo LLC

Choreo LLC lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,954 shares of the bank’s stock after selling 721 shares during the quarter. Choreo LLC’s holdings in UMB Financial were worth $789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd grew its stake in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares during the last quarter. USA Financial Formulas increased its holdings in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial in the third quarter worth about $83,000. Finally, R Squared Ltd acquired a new stake in shares of UMB Financial during the fourth quarter worth about $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

Insider Activity

In related 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 transaction of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,681 shares of company stock worth $3,201,798 in the last quarter. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Stock Down 1.9 %

UMBF opened at $114.11 on Monday. The company has a fifty day moving average of $117.80 and a two-hundred day moving average of $110.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 12.69 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last announced 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 period last year, the firm posted $2.29 earnings per share. On average, research analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

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.