Man Group plc Acquires Shares of 4,103 UMB Financial Corporation $UMBF

Man Group plc bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,103 shares of the bank’s stock, valued at approximately $586,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its holdings in UMB Financial by 4.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after buying an additional 102 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of UMB Financial by 3.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after acquiring an additional 108 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock valued at $820,000 after purchasing an additional 125 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of UMB Financial by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock valued at $450,000 after purchasing an additional 129 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in UMB Financial by 18.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 888 shares of the bank’s stock worth $104,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In other UMB Financial news, insider Nikki Farentino Newton sold 2,000 shares of UMB Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total transaction of $297,200.00. Following the completion of the sale, the insider owned 11,981 shares of the company’s stock, valued at $1,780,376.60. The trade was a 14.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greg M. Graves acquired 573 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $139.60 per share, with a total value of $79,990.80. Following the completion of the acquisition, the director directly owned 40,463 shares in the company, valued at approximately $5,648,634.80. This represents a 1.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 34,171 shares of company stock worth $4,919,826 in the last three months. 5.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UMBF. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Stephens initiated coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective for the company. Morgan Stanley boosted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Raymond James Financial initiated coverage on shares of UMB Financial in a report on Thursday, August 27th. They set an “outperform” rating and a $165.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.54.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $143.44 on Friday. The stock has a market cap of $10.89 billion, a P/E ratio of 11.94, a PEG ratio of 0.69 and a beta of 0.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $144.93 and its two-hundred day moving average price is $131.13. UMB Financial Corporation has a twelve month low of $68.92 and a twelve month high of $144.21.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The company had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 earnings per share. As a group, equities analysts predict that UMB Financial Corporation will post 13.5 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio is 14.32%.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.