American International Group Inc. Sells 2,604 Shares of UMB Financial Co. (NASDAQ:UMBF)

American International Group Inc. trimmed its position in UMB Financial Co. (NASDAQ:UMBFFree Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,670 shares of the bank’s stock after selling 2,604 shares during the quarter. American International Group Inc. owned approximately 0.17% of UMB Financial worth $6,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of UMB Financial in the 4th quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in shares of UMB Financial in the 3rd quarter valued at about $74,000. Quantbot Technologies LP bought a new stake in shares of UMB Financial in the 3rd quarter valued at about $179,000. Jones Financial Companies Lllp bought a new stake in shares of UMB Financial in the 3rd quarter valued at about $199,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of UMB Financial in the 3rd quarter valued at about $215,000. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UMBF shares. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Keefe, Bruyette & Woods raised shares of UMB Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $93.00 to $98.00 in a report on Friday, May 31st. Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $91.00 to $95.00 in a report on Tuesday, April 30th. Finally, Wells Fargo & Company increased their price target on shares of UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Get Our Latest Stock Analysis on UMBF

UMB Financial Stock Down 0.2 %

Shares of UMBF opened at $80.31 on Tuesday. UMB Financial Co. has a 12 month low of $56.31 and a 12 month high of $87.36. The firm’s 50 day moving average is $82.21 and its 200-day moving average is $81.19. The stock has a market capitalization of $3.91 billion, a PE ratio of 10.67 and a beta of 0.81. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBFGet Free Report) last announced its earnings results on Monday, April 29th. The bank reported $2.47 EPS for the quarter, topping the consensus estimate of $1.85 by $0.62. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. The company had revenue of $405.19 million for the quarter, compared to analysts’ expectations of $369.80 million. Equities research analysts forecast that UMB Financial Co. will post 8.41 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, June 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.94%. UMB Financial’s dividend payout ratio is presently 20.72%.

Insider Transactions at UMB Financial

In other news, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 1,440 shares of UMB Financial stock in a transaction that occurred 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 in the company, valued at $152,649,857.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,194 shares of company stock valued at $1,697,358. 8.85% of the stock is currently owned by company insiders.

UMB Financial Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.