Xponance Inc. Acquires 2,693 Shares of UMB Financial Co. (NASDAQ:UMBF)

Xponance Inc. grew its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 44.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,733 shares of the bank’s stock after purchasing an additional 2,693 shares during the period. Xponance Inc.’s holdings in UMB Financial were worth $986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in UMB Financial by 403.7% during 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 in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of UMB Financial in the 3rd quarter worth $48,531,000. Captrust Financial Advisors raised its holdings in shares of UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after purchasing an additional 282,783 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after purchasing an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in UMB Financial during the third quarter worth about $18,838,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UMBF has been the subject of several analyst reports. Barclays increased their price objective on shares of 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 lifted their price target 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 reissued a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Citigroup reaffirmed a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.71.

Insiders Place Their Bets

In related news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.85% of the company’s stock.

UMB Financial Stock Down 0.3 %

Shares of NASDAQ UMBF opened at $102.35 on Monday. The business’s fifty day moving average price is $111.24 and its 200-day moving average price is $112.44. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The stock has a market capitalization of $7.44 billion, a PE ratio of 11.38 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

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

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. UMB Financial’s payout ratio is 17.80%.

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.