Retirement Systems of Alabama Purchases 180 Shares of UMB Financial Co. (NASDAQ:UMBF)

Retirement Systems of Alabama lifted its position in UMB Financial Co. (NASDAQ:UMBF) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,704 shares of the bank’s stock after purchasing an additional 180 shares during the quarter. Retirement Systems of Alabama owned 0.11% of UMB Financial worth $4,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of UMB Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock worth $153,903,000 after buying an additional 23,689 shares during the period. Wellington Management Group LLP boosted its stake in shares of UMB Financial by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after purchasing an additional 1,095,630 shares in the last quarter. UBS Group AG grew its holdings in shares of UMB Financial by 198.1% in the 3rd quarter. UBS Group AG now owns 60,911 shares of the bank’s stock worth $3,780,000 after purchasing an additional 40,479 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of UMB Financial by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,731,904 shares of the bank’s stock worth $107,465,000 after purchasing an additional 131,926 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in UMB Financial by 17.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 133,867 shares of the bank’s stock valued at $11,185,000 after purchasing an additional 20,230 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 1,440 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total transaction of $124,689.60. Following the completion of the transaction, the chief executive officer now directly owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other UMB Financial news, Director Kevin Charles Gallagher sold 625 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $80.21, for a total value of $50,131.25. Following the sale, the director now directly owns 12,859 shares in the company, valued at $1,031,420.39. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO J Mariner Kemper sold 1,440 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $86.59, for a total transaction of $124,689.60. Following the completion of the transaction, the chief executive officer now directly owns 1,762,904 shares of the company’s stock, valued at approximately $152,649,857.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,079 shares of company stock valued at $2,159,628. 8.85% of the stock is currently owned by company insiders.

UMB Financial Price Performance

UMBF opened at $82.11 on Tuesday. The company has a fifty day moving average price of $81.91 and a two-hundred day moving average price of $78.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $4.00 billion, a PE ratio of 10.90 and a beta of 0.84. UMB Financial Co. has a 52 week low of $53.69 and a 52 week high of $87.36.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a $0.39 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.56 dividend on an annualized basis and a yield of 1.90%. UMB Financial’s dividend payout ratio is presently 20.72%.

Analysts Set New Price Targets

Several analysts have recently weighed in on UMBF shares. Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $91.00 to $95.00 in a report on Tuesday, April 30th. Piper Sandler boosted their target price on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Raymond James boosted their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods increased their price objective on UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.00.

UMB Financial Company 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.