Y Intercept Hong Kong Ltd Invests $748,000 in UMB Financial Co. (NASDAQ:UMBF)

Y Intercept Hong Kong Ltd bought a new position in shares of UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,624 shares of the bank’s stock, valued at approximately $748,000.

Several other large investors also recently made changes to their positions in the business. Cerity Partners LLC boosted its holdings in UMB Financial by 767.4% in the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after acquiring an additional 18,817 shares during the last quarter. Principal Financial Group Inc. boosted 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 valued at $91,114,000 after acquiring an additional 694,751 shares during the last quarter. Natixis Advisors LLC boosted its holdings in UMB Financial by 51.2% in the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after acquiring an additional 9,803 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in UMB Financial by 229.6% in the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after acquiring an additional 32,820 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in UMB Financial by 107.8% in the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after acquiring an additional 2,877 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,327 shares of company stock valued at $3,476,567. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

UMBF opened at $110.33 on Friday. The company has a market capitalization of $5.38 billion, a PE ratio of 12.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day simple moving average of $114.45 and a 200 day simple moving average of $112.07. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $2.29 earnings per share. Research analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Citigroup restated a “neutral” rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Barclays raised their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.14.

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.