Heritage Family Offices LLP Buys 125 Shares of UMB Financial Co. (NASDAQ:UMBF)

Heritage Family Offices LLP boosted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,059 shares of the bank’s stock after acquiring an additional 125 shares during the period. Heritage Family Offices LLP’s holdings in UMB Financial were worth $232,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after purchasing an additional 100,000 shares during the period. Geode Capital Management LLC increased its holdings in UMB Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the period. FMR LLC raised its stake in shares of UMB Financial by 2.7% in the 3rd 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. raised its stake in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after buying an additional 694,751 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of UMB Financial by 102.7% during the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock worth $62,780,000 after acquiring an additional 381,278 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UMBF. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays raised their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Wells Fargo & Company lifted their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Activity

In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $108.83, for a total value of $2,644,569.00. Following the transaction, the chief executive officer now directly owns 1,576,604 shares in the company, valued at $171,581,813.32. This represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Greg M. Graves bought 258 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $109.29 per share, with a total value of $28,196.82. Following the acquisition, the director now directly owns 36,244 shares in the company, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 50,303 shares of company stock valued at $5,879,967 over the last 90 days. 8.85% of the stock is owned by company insiders.

UMB Financial Stock Down 1.6 %

Shares of NASDAQ:UMBF opened at $117.63 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.74 billion, a P/E 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. The company’s 50-day moving average price is $119.46 and its two-hundred day moving average price is $107.12.

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

UMB Financial Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is presently 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.