NFJ Investment Group LLC Sells 3,082 Shares of UMB Financial Co. (NASDAQ:UMBF)

NFJ Investment Group LLC reduced its stake in UMB Financial Co. (NASDAQ:UMBF) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,930 shares of the bank’s stock after selling 3,082 shares during the period. NFJ Investment Group LLC owned 0.09% of UMB Financial worth $4,828,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd raised its stake in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares in the last quarter. Acropolis Investment Management LLC purchased a new stake in UMB Financial during the third quarter worth $156,000. 1620 Investment Advisors Inc. bought a new stake in UMB Financial during the 2nd quarter valued at $128,000. Finally, Heritage Family Offices LLP purchased a new position in shares of UMB Financial in the 3rd quarter valued at $203,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Price Performance

UMB Financial stock opened at $126.05 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $6.15 billion, a P/E ratio of 15.76 and a beta of 0.80. UMB Financial Co. has a 1 year low of $73.54 and a 1 year high of $129.94. The company’s fifty day moving average price is $113.58 and its 200 day moving average price is $99.53.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the previous year, the business earned $2.02 EPS. As a group, equities research analysts anticipate that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is presently 19.50%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup started coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Monday. 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 report on Thursday, October 31st. Finally, Barclays increased their price target on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average price target of $122.00.

Insiders Place Their Bets

In other news, Director Kris A. Robbins sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now directly owns 3,211 shares in the company, valued at $329,127.50. The trade was a 60.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,303 shares of company stock valued at $5,830,165 in the last 90 days. 8.85% of the stock is owned by insiders.

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.