Wedge Capital Management L L P NC Has $6.53 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Wedge Capital Management L L P NC boosted its holdings in UMB Financial Co. (NASDAQ:UMBF) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,820 shares of the bank’s stock after buying an additional 12,943 shares during the period. Wedge Capital Management L L P NC’s holdings in UMB Financial were worth $6,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in shares of UMB Financial by 61.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,659 shares of the bank’s stock valued at $556,000 after purchasing an additional 2,538 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 worth $140,968,000 after buying an additional 100,000 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of UMB Financial by 113.9% during the 2nd quarter. Renaissance Technologies LLC now owns 171,800 shares of the bank’s stock worth $14,332,000 after buying an additional 91,500 shares during the period. Edgestream Partners L.P. bought a new stake in shares of UMB Financial in the 2nd quarter valued at about $693,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of UMB Financial by 24.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,880 shares of the bank’s stock valued at $324,000 after acquiring an additional 754 shares during the period. 87.78% of the stock is owned by institutional investors.

UMB Financial Stock Performance

Shares of UMBF opened at $119.58 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. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94. The firm has a fifty day simple moving average of $119.41 and a 200 day simple moving average of $107.54. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.95 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data 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. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter in the prior year, the business posted $2.02 EPS. Research analysts forecast that UMB Financial Co. will post 9.23 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is 20.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on UMBF shares. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Morgan Stanley started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. Wells Fargo & Company boosted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. Finally, Barclays boosted their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the sale, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,303 shares of company stock worth $5,879,967. Company insiders own 8.85% of the company’s stock.

UMB Financial 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.