Janus Henderson Group PLC Lowers Position in UMB Financial Co. (NASDAQ:UMBF)

Janus Henderson Group PLC trimmed its stake in UMB Financial Co. (NASDAQ:UMBF) by 9.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,446 shares of the bank’s stock after selling 1,665 shares during the quarter. Janus Henderson Group PLC’s holdings in UMB Financial were worth $1,729,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC acquired a new position in UMB Financial during the second quarter valued at approximately $3,808,000. Cerity Partners LLC lifted its position in UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after buying an additional 18,817 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after buying an additional 100,000 shares in the last quarter. Interval Partners LP acquired a new position in UMB Financial during the second quarter valued at approximately $3,286,000. Finally, King Luther Capital Management Corp lifted its position in UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after buying an additional 32,820 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UMBF. Barclays lifted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Citigroup began coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.00.

UMB Financial Stock Down 2.1 %

Shares of NASDAQ:UMBF opened at $122.36 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $116.58 and a 200 day simple moving average of $101.28. The firm has a market cap of $5.97 billion, a PE ratio of 15.30 and a beta of 0.80. UMB Financial Co. has a 12-month low of $75.03 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the previous year, the firm earned $2.02 earnings per share. On average, equities research analysts anticipate that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.31%. UMB Financial’s payout ratio is presently 20.00%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares in the company, valued at $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Greg M. Graves bought 258 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $109.29 per share, with a total value of $28,196.82. Following the purchase, the director now owns 36,244 shares of the company’s stock, valued at $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 74,603 shares of company stock worth $8,353,950 over the last 90 days. Insiders own 8.85% of the company’s stock.

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.