Geode Capital Management LLC Purchases 21,091 Shares of UMB Financial Co. (NASDAQ:UMBF)

Geode Capital Management LLC grew its position in UMB Financial Co. (NASDAQ:UMBF) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,114,251 shares of the bank’s stock after purchasing an additional 21,091 shares during the period. Geode Capital Management LLC owned about 2.28% of UMB Financial worth $117,139,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in UMB Financial in the 3rd quarter valued at about $26,000. Covestor Ltd grew its holdings in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial during the third quarter valued at approximately $83,000. 1620 Investment Advisors Inc. bought a new stake in UMB Financial during the second quarter worth $128,000. Finally, Acropolis Investment Management LLC purchased a new position in UMB Financial in the third quarter worth $156,000. 87.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Greg M. Graves bought 258 shares of the company’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the transaction, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,603 shares of company stock worth $8,353,950. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Trading Down 2.5 %

NASDAQ:UMBF opened at $120.26 on Wednesday. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The stock’s fifty day moving average price is $117.66 and its two-hundred day moving average price is $102.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $5.87 billion, a P/E ratio of 15.03 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last issued 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. The business had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter in the prior year, the firm posted $2.02 EPS. As a group, analysts expect that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is 20.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UMBF shares. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Barclays increased their target price 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. Royal Bank of Canada started coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target on the stock. Finally, Citigroup initiated coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

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.