Inceptionr LLC Invests $305,000 in UMB Financial Co. (NASDAQ:UMBF)

Inceptionr LLC bought a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,700 shares of the bank’s stock, valued at approximately $305,000.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after purchasing an additional 21,091 shares during the last quarter. FMR LLC increased 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 acquiring an additional 24,799 shares in the last quarter. Principal Financial Group Inc. raised its holdings in 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 buying an additional 694,751 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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. Finally, Global Alpha Capital Management Ltd. lifted its holdings in shares of UMB Financial by 1.7% during the third quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock valued at $58,037,000 after purchasing an additional 9,400 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $103.07 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company’s 50-day moving average price is $113.40 and its 200-day moving average price is $112.57. The company has a market cap of $5.03 billion, a PE ratio of 11.46 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the firm earned $2.29 EPS. On average, equities research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UMBF. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Piper Sandler increased their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Morgan Stanley assumed coverage on shares of UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. Finally, Citigroup reissued a “neutral” rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is owned by insiders.

UMB Financial Company 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.