Ellenbecker Investment Group Buys Shares of 1,874 UMB Financial Co. (NASDAQ:UMBF)

Ellenbecker Investment Group purchased a new position in UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,874 shares of the bank’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after buying an additional 694,751 shares during the last quarter. Millennium Management LLC boosted its stake in UMB Financial by 567.1% during the 2nd quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock worth $61,208,000 after acquiring an additional 623,751 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in UMB Financial during the third quarter valued at approximately $48,531,000. ProShare Advisors LLC increased its stake in UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after purchasing an additional 381,278 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock worth $41,245,000 after purchasing an additional 282,783 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Up 2.9 %

NASDAQ:UMBF opened at $112.92 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a market cap of $5.51 billion, a P/E ratio of 14.12 and a beta of 0.82. The business has a 50 day moving average price of $119.54 and a two-hundred day moving average price of $106.72.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter last year, the firm earned $2.02 earnings per share. As a group, analysts expect that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of analysts recently commented on UMBF shares. Wells Fargo & Company upped their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Barclays raised their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley initiated coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling

In other news, EVP John Pauls sold 849 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the transaction, the executive vice president now directly owns 6,483 shares in the company, valued at $715,852.86. The trade was a 11.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,303 shares of company stock worth $5,879,967. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Profile

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.