UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. trimmed its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,906 shares of the bank’s stock after selling 1,247 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in UMB Financial were worth $328,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of UMB Financial by 1.9% in the 3rd 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 lifted its stake in UMB Financial by 2.7% during the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after buying an additional 24,799 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Millennium Management LLC raised its holdings in shares of UMB Financial by 567.1% during the second quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock valued at $61,208,000 after acquiring an additional 623,751 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of UMB Financial by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock valued at $60,982,000 after acquiring an additional 24,124 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John Pauls sold 849 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the transaction, the executive vice president now owns 6,483 shares in the company, valued at approximately $715,852.86. The trade was a 11.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the sale, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. The trade was a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,303 shares of company stock valued at $5,879,967 in the last three months. Company insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $121.11 on Tuesday. The firm has a market capitalization of $5.91 billion, a PE ratio of 15.14 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The firm’s fifty day simple moving average is $119.05 and its 200 day simple moving average is $109.04.

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

Wall Street Analyst Weigh In

UMBF has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada initiated coverage on UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price objective for the company. Citigroup initiated coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Finally, StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

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.