American Century Companies Inc. Increases Stake in UMB Financial Corp (UMBF)

American Century Companies Inc. lifted its holdings in shares of UMB Financial Corp (NASDAQ:UMBF) by 31.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,583,023 shares of the bank’s stock after acquiring an additional 623,116 shares during the period. American Century Companies Inc. owned 5.18% of UMB Financial worth $183,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UMBF. Kornitzer Capital Management Inc. KS purchased a new position in shares of UMB Financial during the second quarter worth approximately $200,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of UMB Financial during the third quarter worth approximately $213,000. Nomura Holdings Inc. purchased a new position in shares of UMB Financial during the second quarter worth approximately $226,000. Royal Bank of Canada grew its position in shares of UMB Financial by 35.3% during the first quarter. Royal Bank of Canada now owns 4,299 shares of the bank’s stock worth $312,000 after acquiring an additional 1,121 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in shares of UMB Financial by 16.1% during the second quarter. Meadow Creek Investment Management LLC now owns 6,272 shares of the bank’s stock worth $478,000 after acquiring an additional 868 shares during the last quarter. Institutional investors and hedge funds own 86.98% of the company’s stock.

In other UMB Financial news, EVP Dana H. Abraham sold 4,196 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $76.18, for a total value of $319,651.28. Following the completion of the sale, the executive vice president now owns 15,141 shares of the company’s stock, valued at $1,153,441.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider J Walker Brian sold 500 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $75.75, for a total value of $37,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 1,363 shares of company stock valued at $97,997 and have sold 36,221 shares valued at $2,702,312. 10.26% of the stock is owned by company insiders.

Shares of NASDAQ UMBF opened at $66.17 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69. UMB Financial Corp has a 1-year low of $57.00 and a 1-year high of $82.14. The firm has a market cap of $3.25 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.78 and a beta of 0.89.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.04. UMB Financial had a return on equity of 10.22% and a net margin of 25.52%. The firm had revenue of $251.38 million during the quarter, compared to the consensus estimate of $260.02 million. During the same period last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that UMB Financial Corp will post 4.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 7th. This is an increase from UMB Financial’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. UMB Financial’s dividend payout ratio (DPR) is currently 30.93%.

Several brokerages recently weighed in on UMBF. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Stephens reaffirmed a “hold” rating and set a $80.00 price target on shares of UMB Financial in a report on Wednesday, October 24th. Zacks Investment Research raised UMB Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. ValuEngine downgraded UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Finally, Raymond James set a $69.00 price target on UMB Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.00.

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UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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

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