Cwm LLC Reduces Position in UMB Financial Co. (NASDAQ:UMBF)

Cwm LLC reduced its holdings in UMB Financial Co. (NASDAQ:UMBF) by 30.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,607 shares of the bank’s stock after selling 704 shares during the period. Cwm LLC’s holdings in UMB Financial were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS purchased a new position in UMB Financial in the 4th quarter worth approximately $236,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in UMB Financial by 7.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,013 shares of the bank’s stock worth $837,000 after buying an additional 730 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in UMB Financial in the 4th quarter valued at $228,000. Strs Ohio increased its stake in shares of UMB Financial by 1,841.9% in the 4th quarter. Strs Ohio now owns 83,500 shares of the bank’s stock worth $6,976,000 after acquiring an additional 79,200 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of UMB Financial during the 4th quarter worth $1,028,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $86.59, for a total transaction of $124,689.60. Following the sale, the chief executive officer now owns 1,762,904 shares of the company’s stock, valued at $152,649,857.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other UMB Financial news, Director Kevin Charles Gallagher sold 625 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $80.21, for a total value of $50,131.25. Following the sale, the director now owns 12,859 shares of the company’s stock, valued at approximately $1,031,420.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 1,440 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the transaction, the chief executive officer now directly owns 1,762,904 shares of the company’s stock, valued at $152,649,857.36. The disclosure for this sale can be found here. Insiders sold a total of 26,079 shares of company stock valued at $2,159,628 in the last three months. 8.85% of the stock is owned by corporate insiders.

UMB Financial Stock Up 0.8 %

NASDAQ:UMBF opened at $82.56 on Monday. UMB Financial Co. has a 52 week low of $50.68 and a 52 week high of $87.36. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $81.87 and its two-hundred day moving average is $78.32. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 10.96 and a beta of 0.84.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 7th. UMB Financial’s dividend payout ratio (DPR) is 20.72%.

Analysts Set New Price Targets

UMBF has been the topic of a number of analyst reports. Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $91.00 to $95.00 in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods upped their price objective on UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Raymond James raised their target price on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their price target on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Finally, StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.00.

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.