Ameritas Investment Partners Inc. Decreases Holdings in UMB Financial Co. (NASDAQ:UMBF)

Ameritas Investment Partners Inc. cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 28.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,152 shares of the bank’s stock after selling 5,638 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in UMB Financial were worth $1,231,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UMBF. Assetmark Inc. purchased a new stake in shares of UMB Financial during the 4th quarter valued at $28,000. Mackenzie Financial Corp purchased a new stake in UMB Financial in the 4th quarter worth about $228,000. Quadrant Capital Group LLC increased its holdings in UMB Financial by 42.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after acquiring an additional 819 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in UMB Financial in the 4th quarter worth about $236,000. Finally, ETF Store Inc. purchased a new stake in UMB Financial in the 4th quarter worth about $251,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lifted their price objective on UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Wells Fargo & Company lifted their target price on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $93.00 to $98.00 in a report on Friday, May 31st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.67.

Insider Activity

In related news, CEO J Mariner Kemper sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $83.86, for a total value of $176,106.00. Following the completion of the sale, the chief executive officer now owns 1,714,304 shares in the company, valued at approximately $143,761,533.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 22,952 shares of company stock worth $1,909,242. 8.85% of the stock is currently owned by insiders.

UMB Financial Price Performance

Shares of UMBF traded up $1.56 during trading hours on Tuesday, reaching $97.22. 435,834 shares of the company’s stock traded hands, compared to its average volume of 341,978. The stock has a market cap of $4.74 billion, a PE ratio of 12.70 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The firm’s 50 day simple moving average is $84.01 and its 200-day simple moving average is $82.44. UMB Financial Co. has a 12 month low of $57.91 and a 12 month high of $98.87.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.62. The firm had revenue of $405.19 million during the quarter, compared to the consensus estimate of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. Equities analysts expect that UMB Financial Co. will post 8.41 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.60%. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

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.