Mutual of America Capital Management LLC Lowers Position in UMB Financial Co. (NASDAQ:UMBF)

Mutual of America Capital Management LLC cut its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 118,111 shares of the bank’s stock after selling 939 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UMB Financial were worth $11,423,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC lifted its position in UMB Financial by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 4,869 shares of the bank’s stock valued at $471,000 after purchasing an additional 487 shares in the last quarter. Heritage Wealth Management LLC lifted its position in shares of UMB Financial by 18.1% in the third quarter. Heritage Wealth Management LLC now owns 814 shares of the bank’s stock valued at $79,000 after acquiring an additional 125 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of UMB Financial by 21.5% in the third quarter. Teacher Retirement System of Texas now owns 7,345 shares of the bank’s stock valued at $710,000 after acquiring an additional 1,298 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of UMB Financial in the third quarter valued at about $236,000. Finally, Barclays PLC lifted its position in shares of UMB Financial by 1.0% in the third quarter. Barclays PLC now owns 76,104 shares of the bank’s stock valued at $7,359,000 after acquiring an additional 773 shares in the last quarter. Institutional investors own 83.99% of the company’s stock.

Several equities analysts have recently commented on the company. Wells Fargo & Company downgraded UMB Financial from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $115.00 to $110.00 in a research report on Tuesday, January 4th. Janney Montgomery Scott upgraded UMB Financial from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, December 21st.

In other news, CEO J Mariner Kemper sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 18th. The stock was sold at an average price of $106.75, for a total transaction of $106,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Uma Wilson sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $106.97, for a total value of $29,416.75. The disclosure for this sale can be found here. Insiders have sold 6,787 shares of company stock worth $712,346 over the last three months. 10.16% of the stock is currently owned by insiders.

Shares of UMBF stock opened at $111.41 on Friday. UMB Financial Co. has a 12-month low of $68.00 and a 12-month high of $111.83. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average price is $105.66 and its 200-day moving average price is $98.02. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 12.55 and a beta of 0.97.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Monday, October 25th. The bank reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.15. UMB Financial had a return on equity of 14.22% and a net margin of 30.26%. The firm had revenue of $317.67 million for the quarter, compared to analysts’ expectations of $322.80 million. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, research analysts predict that UMB Financial Co. will post 7.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Friday, December 10th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, December 9th. This represents a $1.48 annualized dividend and a yield of 1.33%. UMB Financial’s payout ratio is currently 16.67%.

UMB Financial Company Profile

UMB Financial Corp. operates as a financial holding company, which engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.

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

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