Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of UMB Financial Corp (NASDAQ:UMBF) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,045,470 shares of the bank’s stock after selling 38,598 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.10% of UMB Financial worth $77,877,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UMBF. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UMB Financial by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock valued at $120,000 after acquiring an additional 130 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of UMB Financial during the third quarter valued at approximately $144,000. PNC Financial Services Group Inc. increased its holdings in shares of UMB Financial by 6.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after acquiring an additional 129 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of UMB Financial by 53.9% during the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the bank’s stock valued at $184,000 after acquiring an additional 863 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in shares of UMB Financial during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.
UMB Financial Corp (UMBF) opened at $73.73 on Friday. The stock has a market capitalization of $3,780.00, a P/E ratio of 19.49, a P/E/G ratio of 2.19 and a beta of 0.82. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.04. UMB Financial Corp has a 1 year low of $62.27 and a 1 year high of $81.55.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.275 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 7th. This represents a $1.10 annualized dividend and a dividend yield of 1.49%. UMB Financial’s payout ratio is presently 30.64%.
In other UMB Financial news, insider Kevin M. Macke sold 1,332 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christian R. Swett sold 1,862 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $73.50, for a total value of $136,857.00. The disclosure for this sale can be found here. 10.09% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $74.00 target price on shares of UMB Financial in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $77.20.
UMB Financial Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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