Sei Investments Co. Purchases 12,206 Shares of UMB Financial Co. (NASDAQ:UMBF)

Sei Investments Co. grew its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,169 shares of the bank’s stock after purchasing an additional 12,206 shares during the quarter. Sei Investments Co. owned about 0.52% of UMB Financial worth $28,573,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UMBF. USA Financial Formulas boosted its position in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. bought a new position in UMB Financial in the 3rd quarter valued at $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial during the 4th quarter valued at $96,000. Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial in the fourth quarter worth $103,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial in the fourth quarter worth $117,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $105.05 on Wednesday. The firm has a fifty day simple moving average of $110.85 and a two-hundred day simple moving average of $112.51. 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 has a market capitalization of $7.63 billion, a PE ratio of 11.69 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last issued its earnings results 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 quarter 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 1.52%. UMB Financial’s dividend payout ratio is currently 17.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UMBF shares. Citigroup restated 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. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler raised their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley cut their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $128.71.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were 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 directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the business’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 owns 13,010 shares in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

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.