Junto Capital Management LP Makes New Investment in UMB Financial Corporation $UMBF

Junto Capital Management LP purchased a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 412,747 shares of the bank’s stock, valued at approximately $58,924,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in UMBF. MBM Wealth Consultants LLC bought a new position in shares of UMB Financial in the first quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new stake in UMB Financial during the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new stake in UMB Financial in the 1st quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in UMB Financial in the 2nd quarter valued at approximately $38,000. Finally, Hilton Head Capital Partners LLC bought a new position in UMB Financial in the 4th quarter worth approximately $34,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

Shares of UMBF stock opened at $141.22 on Thursday. The stock has a 50 day moving average of $144.85 and a two-hundred day moving average of $131.55. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12 month low of $68.92 and a 12 month high of $144.36. The company has a market capitalization of $10.73 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.70 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter last year, the firm earned $2.96 EPS. As a group, equities analysts expect that UMB Financial Corporation will post 13.5 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. UMB Financial’s dividend payout ratio is presently 14.32%.

Analyst Ratings Changes

A number of research analysts have recently commented on UMBF shares. Raymond James Financial began coverage on UMB Financial in a report on Thursday, August 27th. They set an “outperform” rating and a $165.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Barclays reiterated an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. 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 target for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Tamara Peterman acquired 394 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, for a total transaction of $55,002.40. Following the purchase, the director owned 10,680 shares in the company, valued at $1,490,928. This represents a 3.83% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Phillip Mason sold 800 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total transaction of $117,600.00. Following the transaction, the insider directly owned 8,894 shares of the company’s stock, valued at $1,307,418. The trade was a 8.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,544 shares of company stock worth $3,775,862. 5.33% of the stock is currently owned by company insiders.

About UMB Financial

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.