UMB Financial Corporation (UMBF) Position Lowered by American Century Companies Inc.
American Century Companies Inc. decreased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014,177 shares of the bank’s stock after selling 49,969 shares during the period. American Century Companies Inc. owned about 2.06% of UMB Financial Corporation worth $75,921,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Miles Capital Inc. raised its stake in shares of UMB Financial Corporation by 0.3% in the first quarter. Miles Capital Inc. now owns 2,951 shares of the bank’s stock worth $222,000 after buying an additional 8 shares in the last quarter. Capstone Asset Management Co. raised its stake in UMB Financial Corporation by 0.8% in the first quarter. Capstone Asset Management Co. now owns 3,833 shares of the bank’s stock worth $289,000 after buying an additional 30 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in UMB Financial Corporation by 0.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,554 shares of the bank’s stock worth $569,000 after buying an additional 37 shares during the period. Isthmus Partners LLC raised its stake in UMB Financial Corporation by 0.3% in the first quarter. Isthmus Partners LLC now owns 11,058 shares of the bank’s stock worth $833,000 after buying an additional 38 shares during the period. Finally, World Asset Management Inc raised its stake in UMB Financial Corporation by 1.6% in the second quarter. World Asset Management Inc now owns 2,769 shares of the bank’s stock worth $207,000 after buying an additional 43 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.
Shares of UMB Financial Corporation (NASDAQ:UMBF) opened at 67.24 on Monday. UMB Financial Corporation has a 52-week low of $57.31 and a 52-week high of $81.55. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 19.43 and a beta of 0.86. The firm’s 50 day moving average is $70.56 and its 200 day moving average is $73.62.
UMB Financial Corporation (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.02. UMB Financial Corporation had a net margin of 16.59% and a return on equity of 8.81%. The business had revenue of $247.70 million for the quarter, compared to analyst estimates of $261.84 million. During the same quarter last year, the business earned $0.76 EPS. UMB Financial Corporation’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts expect that UMB Financial Corporation will post $3.65 earnings per share for the current year.
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A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub lowered shares of UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stephens set a $71.00 price objective on shares of UMB Financial Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies set a $74.00 price objective on shares of UMB Financial Corporation and gave the stock a “hold” rating in a research note on Friday. Finally, Raymond James Financial, Inc. raised shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $77.40.
In other UMB Financial Corporation news, insider Michael D. Hagedorn sold 3,125 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $74.54, for a total transaction of $232,937.50. Following the transaction, the insider now owns 66,743 shares of the company’s stock, valued at approximately $4,975,023.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexander C. Kemper sold 2,500 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $74.65, for a total value of $186,625.00. Following the transaction, the director now directly owns 11,309 shares in the company, valued at approximately $844,216.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,225 shares of company stock valued at $2,043,235. 10.09% of the stock is owned by insiders.
UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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