Mirae Asset Global Investments Co. Ltd. Has $1.69 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,244 shares of the bank’s stock after buying an additional 678 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in UMB Financial were worth $1,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Trust Walden Corp increased its holdings in UMB Financial by 0.7% in the fourth quarter. Boston Trust Walden Corp now owns 688,687 shares of the bank’s stock valued at $57,540,000 after purchasing an additional 4,677 shares during the period. Trust Point Inc. acquired a new stake in UMB Financial in the fourth quarter valued at $460,000. Country Club Bank GFN increased its holdings in UMB Financial by 13.5% in the fourth quarter. Country Club Bank GFN now owns 6,646 shares of the bank’s stock valued at $562,000 after purchasing an additional 790 shares during the period. AlphaMark Advisors LLC increased its holdings in UMB Financial by 5.1% in the fourth quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock valued at $331,000 after purchasing an additional 194 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in UMB Financial by 17.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 133,867 shares of the bank’s stock valued at $11,185,000 after purchasing an additional 20,230 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMBF stock opened at $81.44 on Friday. The stock has a market capitalization of $3.97 billion, a PE ratio of 11.34 and a beta of 0.83. The company’s 50-day moving average is $81.65 and its 200-day moving average is $76.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. UMB Financial Co. has a 1 year low of $50.68 and a 1 year high of $87.36.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The company had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same quarter in the prior year, the firm earned $2.06 EPS. The business’s revenue was up .0% on a year-over-year basis. Equities research analysts expect that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.39 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.92%. UMB Financial’s dividend payout ratio is presently 21.73%.

Analyst Upgrades and Downgrades

A number of analysts have commented on UMBF shares. Barclays started coverage on shares of UMB Financial in a research report on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target on the stock. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Wells Fargo & Company upped their price target on shares of UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Piper Sandler upped their price target on shares of UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Raymond James upped their price target on shares of UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 11,170 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other UMB Financial news, EVP John Pauls sold 1,440 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the sale, the executive vice president now owns 8,496 shares in the company, valued at approximately $675,516.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $85.28, for a total transaction of $952,577.60. Following the completion of the sale, the chief executive officer now owns 1,738,604 shares of the company’s stock, valued at approximately $148,268,149.12. The disclosure for this sale can be found here. Insiders have sold 27,277 shares of company stock worth $2,264,661 in the last quarter. Insiders own 8.85% of the company’s stock.

UMB Financial Company 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.