Atria Wealth Solutions Inc. Decreases Stake in UMB Financial Co. (NASDAQ:UMBF)

Atria Wealth Solutions Inc. cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,071 shares of the bank’s stock after selling 1,455 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in UMB Financial were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the 4th quarter worth about $96,000. Truist Financial Corp lifted its holdings in shares of UMB Financial by 0.4% in the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after buying an additional 83 shares in the last quarter. Monument Capital Management lifted its holdings in shares of UMB Financial by 9.6% in the fourth quarter. Monument Capital Management now owns 2,920 shares of the bank’s stock worth $330,000 after buying an additional 255 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of UMB Financial by 8.0% in the fourth quarter. Congress Asset Management Co. now owns 125,604 shares of the bank’s stock valued at $14,176,000 after acquiring an additional 9,349 shares during the period. Finally, Rhumbline Advisers grew its stake in UMB Financial by 0.3% during the fourth quarter. Rhumbline Advisers now owns 157,642 shares of the bank’s stock valued at $17,791,000 after acquiring an additional 510 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup reissued a “neutral” rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Piper Sandler increased their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $130.14.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial 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 completion of the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,327 shares of company stock valued at $3,476,567. Insiders own 8.85% of the company’s stock.

UMB Financial Trading Down 0.2 %

UMBF opened at $108.65 on Friday. 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 52 week low of $76.00 and a 52 week high of $129.94. The stock has a market cap of $5.30 billion, a PE ratio of 12.09 and a beta of 0.82. The business has a 50 day moving average of $114.63 and a 200-day moving average of $111.98.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the previous year, the company posted $2.29 earnings per share. Equities research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

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.