Captrust Financial Advisors Acquires 282,783 Shares of UMB Financial Co. (NASDAQ:UMBF)

Captrust Financial Advisors lifted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 258.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,397 shares of the bank’s stock after purchasing an additional 282,783 shares during the period. Captrust Financial Advisors owned 0.80% of UMB Financial worth $41,245,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in shares of UMB Financial by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock worth $163,066,000 after buying an additional 49,690 shares during the period. American Century Companies Inc. grew its holdings in UMB Financial by 6.8% in the second quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock worth $146,196,000 after purchasing an additional 111,090 shares during the period. Dimensional Fund Advisors LP increased its stake in UMB Financial by 6.3% in 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 in the last quarter. FMR LLC raised its holdings in shares of 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 purchasing an additional 24,799 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on UMBF. Wells Fargo & Company boosted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Morgan Stanley started coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Finally, Royal Bank of Canada initiated coverage on shares of UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.00.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,303 shares of company stock worth $5,830,165 in the last quarter. 8.85% of the stock is currently owned by company insiders.

UMB Financial Price Performance

UMBF opened at $125.49 on Friday. The firm’s fifty day moving average price is $112.80 and its two-hundred day moving average price is $98.77. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 15.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial Co. has a 1 year low of $71.04 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm 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 EPS. As a group, analysts anticipate that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.28%. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 20.00%.

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.