Mutual of America Capital Management LLC Has $11.50 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Mutual of America Capital Management LLC lowered its position in UMB Financial Co. (NASDAQ:UMBF) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 101,916 shares of the bank’s stock after selling 879 shares during the period. Mutual of America Capital Management LLC owned 0.21% of UMB Financial worth $11,502,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of UMB Financial by 31.0% in 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 period. USA Financial Formulas increased its stake in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial in the third quarter valued at $83,000. Venturi Wealth Management LLC bought a new stake in UMB Financial in the 4th quarter valued at about $96,000. Finally, R Squared Ltd acquired a new position in shares of UMB Financial during the fourth quarter worth approximately $117,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Stock Performance

NASDAQ UMBF opened at $110.33 on Friday. The company has a fifty day moving average of $114.45 and a 200-day moving average of $112.19. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $5.38 billion, a P/E ratio of 12.27 and a beta of 0.82.

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

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the business’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 value 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 $193,960,384.80. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,327 shares of company stock valued at $3,476,567. Insiders own 8.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler increased their price target 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. Citigroup reissued a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley initiated coverage on UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $130.14.

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.