Fisher Asset Management LLC Sells 114,063 Shares of UMB Financial Co. (NASDAQ:UMBF)

Fisher Asset Management LLC trimmed its position in UMB Financial Co. (NASDAQ:UMBF) by 19.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 479,705 shares of the bank’s stock after selling 114,063 shares during the period. Fisher Asset Management LLC owned about 0.98% of UMB Financial worth $40,079,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in UMB Financial by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after buying an additional 1,095,630 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of UMB Financial by 15.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock worth $166,875,000 after purchasing an additional 265,399 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of UMB Financial by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock worth $153,903,000 after purchasing an additional 23,689 shares during the last quarter. American Century Companies Inc. grew its stake in shares of UMB Financial by 4.3% during the third quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank’s stock worth $112,767,000 after purchasing an additional 75,140 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of UMB Financial by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,008 shares of the bank’s stock worth $129,005,000 after purchasing an additional 161,558 shares during the period. 87.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO J Mariner Kemper sold 11,170 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total value of $952,577.60. Following the sale, the chief executive officer now directly owns 1,738,604 shares in the company, valued at $148,268,149.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 19,012 shares of company stock worth $1,601,971 over the last three months. Corporate insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UMBF. Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $93.00 to $98.00 in a research note on Friday, May 31st. Wells Fargo & Company lifted their price objective on UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Finally, Barclays raised UMB Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $91.00 to $95.00 in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.83.

UMB Financial Stock Up 0.9 %

NASDAQ:UMBF opened at $80.66 on Tuesday. UMB Financial Co. has a 1 year low of $56.31 and a 1 year high of $87.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 10.71 and a beta of 0.81. The stock has a 50-day moving average price of $81.93 and a two-hundred day moving average price of $81.52.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Monday, April 29th. The bank reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.62. The company had revenue of $405.19 million for the quarter, compared to analyst estimates of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. As a group, equities analysts expect that UMB Financial Co. will post 8.41 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a $0.39 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.93%. UMB Financial’s dividend payout ratio (DPR) is 20.72%.

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.