Heritage Family Offices LLP Has $232,000 Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Heritage Family Offices LLP grew its position in UMB Financial Co. (NASDAQ:UMBF) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,059 shares of the bank’s stock after buying an additional 125 shares during the period. Heritage Family Offices LLP’s holdings in UMB Financial were worth $232,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of UMB Financial in the third quarter worth about $26,000. Covestor Ltd grew its position in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares during the period. USA Financial Formulas increased its stake in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in UMB Financial during the 3rd quarter worth approximately $83,000. Finally, Acropolis Investment Management LLC bought a new position in UMB Financial in the third quarter valued at approximately $156,000. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

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

UMB Financial Stock Down 1.6 %

UMBF stock opened at $117.63 on Friday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 14.70 and a beta of 0.82. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The business has a 50 day moving average price of $119.46 and a two-hundred day moving average price of $107.12. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period last year, the business earned $2.02 earnings per share. Analysts anticipate that UMB Financial Co. will post 9.23 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. UMB Financial’s payout ratio is currently 20.00%.

Insider Activity

In other UMB Financial news, EVP John Pauls sold 849 shares of UMB Financial stock in a transaction on Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the completion of the transaction, the executive vice president now directly owns 6,483 shares of the company’s stock, valued at $715,852.86. The trade was a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,303 shares of company stock valued at $5,879,967. 8.85% of the stock is owned by company insiders.

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.