Jones Financial Companies Lllp Purchases Shares of 4,037 UMB Financial Corporation $UMBF

Jones Financial Companies Lllp acquired a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,037 shares of the bank’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its stake in UMB Financial by 4.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock valued at $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in UMB Financial by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after buying an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after buying an additional 112 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after buying an additional 125 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of UMB Financial by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock valued at $450,000 after buying an additional 129 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

Insider Activity at UMB Financial

In other news, President James D. Rine sold 8,246 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president owned 61,446 shares in the company, valued at $8,147,125.14. This represents a 11.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan G. Murphy sold 1,377 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total transaction of $200,422.35. Following the sale, the director owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. This represents a 11.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,171 shares of company stock worth $4,919,826. Company insiders own 5.33% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $143.96 on Tuesday. The company’s fifty day moving average is $144.02 and its two-hundred day moving average is $130.52. The company has a market cap of $10.93 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 0.71 and a beta of 0.77. UMB Financial Corporation has a 12-month low of $103.38 and a 12-month high of $153.32. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter last year, the firm posted $2.96 earnings per share. Equities analysts expect that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is presently 16.65%.

Analysts Set New Price Targets

UMBF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Hovde Group upped their target price on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Barclays reissued an “overweight” rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. Finally, Zacks Research cut shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.00.

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.