USA Financial Formulas Has $55,000 Holdings in UMB Financial Co. (NASDAQ:UMBF)

USA Financial Formulas lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 124.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 483 shares of the bank’s stock after purchasing an additional 268 shares during the period. USA Financial Formulas’ holdings in UMB Financial were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UMBF. Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after buying an additional 100,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after acquiring an additional 21,091 shares during the last quarter. FMR LLC raised its position in shares of 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. lifted its stake in shares of 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 acquiring an additional 694,751 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after acquiring an additional 381,278 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research reports. Morgan Stanley began 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 on the stock. Wells Fargo & Company increased their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Citigroup started coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price for the company. StockNews.com downgraded UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada started coverage on UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg M. Graves bought 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the transaction, the director now owns 36,244 shares in the company, valued at $3,961,106.76. The trade was a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 50,303 shares of company stock worth $5,879,967 over the last ninety days. Company insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $117.63 on Friday. The stock’s fifty day simple moving average is $119.46 and its 200 day simple moving average is $107.12. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.74 billion, a PE ratio of 14.70 and a beta of 0.82. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same period in the previous year, the firm earned $2.02 EPS. On average, research analysts predict that UMB Financial Co. will post 9.23 EPS for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.40 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. UMB Financial’s dividend payout ratio is currently 20.00%.

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.