Jones Financial Companies Lllp Takes Position in UMB Financial Corporation $UMBF

Jones Financial Companies Lllp acquired a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,037 shares of the bank’s stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC bought a new position in UMB Financial in the first quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial during the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new stake in shares of UMB Financial during the 1st quarter worth approximately $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of UMB Financial during the 4th quarter worth approximately $34,000. Finally, Torren Management LLC acquired a new stake in shares of UMB Financial during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 360 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $145.13, for a total transaction of $52,246.80. Following the transaction, the director owned 11,863 shares in the company, valued at $1,721,677.19. This trade represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan G. Murphy sold 1,377 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the sale, the director directly owned 10,635 shares in the company, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,171 shares of company stock worth $4,919,826 in the last three months. Insiders own 5.33% of the company’s stock.

UMB Financial Trading Down 0.8%

NASDAQ:UMBF opened at $143.96 on Tuesday. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $153.32. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.71 and a beta of 0.77. The business has a fifty day moving average of $144.02 and a 200-day moving average of $130.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The business had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period in the previous year, the business earned $2.96 earnings per share. Equities analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. UMB Financial’s payout ratio is presently 16.65%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UMBF shares. Morgan Stanley boosted their price objective on UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Truist Financial set a $170.00 target price on UMB Financial and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods raised their target price on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Hovde Group boosted their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. started coverage on shares of UMB Financial in a report on Thursday, August 20th. They issued an “overweight” rating and a $180.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.