Allspring Global Investments Holdings LLC Sells 144,955 Shares of UMB Financial Co. (NASDAQ:UMBF)

Allspring Global Investments Holdings LLC decreased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,738,795 shares of the bank’s stock after selling 144,955 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.56% of UMB Financial worth $194,380,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of UMBF. Geode Capital Management LLC raised its position in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares in the last quarter. FMR LLC increased its stake in UMB Financial by 2.7% during the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after acquiring an additional 24,799 shares during the last quarter. Principal Financial Group Inc. raised its position in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Charles Schwab Investment Management Inc. raised its position in UMB Financial by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock valued at $60,982,000 after purchasing an additional 24,124 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of UMB Financial by 1.7% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock valued at $58,037,000 after purchasing an additional 9,400 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction that occurred on 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 sale, the director now owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,681 shares of company stock worth $3,201,798 in the last three months. 8.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Piper Sandler raised their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley assumed coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Wells Fargo & Company upped 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. Finally, Barclays raised their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

UMB Financial Trading Up 0.8 %

NASDAQ:UMBF opened at $114.17 on Wednesday. The firm has a 50-day simple moving average of $117.57 and a 200-day simple moving average of $110.81. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The firm has a market cap of $5.57 billion, a P/E ratio of 12.70 and a beta of 0.82. 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 (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the business earned $2.29 earnings per share. Equities analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

About UMB Financial

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.