Captrust Financial Advisors Acquires 282,783 Shares of UMB Financial Co. (NASDAQ:UMBF)

Captrust Financial Advisors grew its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 258.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 392,397 shares of the bank’s stock after buying an additional 282,783 shares during the period. Captrust Financial Advisors’ holdings in UMB Financial were worth $41,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Wedge Capital Management L L P NC bought a new stake in UMB Financial during the 2nd quarter worth approximately $3,808,000. Dimensional Fund Advisors LP grew its position in shares of UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after purchasing an additional 100,000 shares in the last quarter. Interval Partners LP bought a new stake in UMB Financial during the second quarter valued at $3,286,000. King Luther Capital Management Corp grew its position in UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock worth $4,952,000 after buying an additional 32,820 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in UMB Financial by 51.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock worth $3,041,000 after acquiring an additional 9,803 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the sale, the director now directly owns 3,211 shares in the company, valued at approximately $329,127.50. This trade represents a 60.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,303 shares of company stock valued at $5,830,165 over the last three months. 8.85% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UMBF has been the topic of several research analyst reports. Barclays upped their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Citigroup assumed coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Finally, Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.00.

UMB Financial Stock Performance

NASDAQ UMBF opened at $125.49 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 15.69 and a beta of 0.78. The company has a 50-day simple moving average of $112.80 and a two-hundred day simple moving average of $98.77. 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 12-month low of $71.04 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the prior year, the business posted $2.02 EPS. On average, equities analysts forecast that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. UMB Financial’s dividend payout ratio (DPR) is currently 20.00%.

UMB Financial Company 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.