Oppenheimer Asset Management Inc. Purchases 236 Shares of UMB Financial Co. (NASDAQ:UMBF)

Oppenheimer Asset Management Inc. lifted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,144 shares of the bank’s stock after acquiring an additional 236 shares during the period. Oppenheimer Asset Management Inc.’s holdings in UMB Financial were worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. USA Financial Formulas lifted its holdings in shares of UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. acquired a new position in UMB Financial during the 3rd quarter worth approximately $83,000. Venturi Wealth Management LLC acquired a new position in UMB Financial during the 4th quarter worth approximately $96,000. Finally, R Squared Ltd acquired a new position in UMB Financial during the 4th quarter worth approximately $117,000. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup reiterated a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective for the company. Finally, Piper Sandler upped their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

UMB Financial Trading Down 4.3 %

Shares of NASDAQ UMBF opened at $103.95 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The firm has a 50 day moving average price of $114.10 and a two-hundred day moving average price of $112.45. The stock has a market cap of $5.07 billion, a P/E ratio of 11.56 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period last year, the company posted $2.29 EPS. As a group, equities analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

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.