Corebridge Financial Inc. Sells 3,871 Shares of UMB Financial Co. (NASDAQ:UMBF)

Corebridge Financial Inc. decreased its holdings in UMB Financial Co. (NASDAQ:UMBF) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,241 shares of the bank’s stock after selling 3,871 shares during the period. Corebridge Financial Inc. owned about 0.15% of UMB Financial worth $8,153,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Advantage Alpha Capital Partners LP grew its stake in UMB Financial by 13.2% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 5,960 shares of the bank’s stock valued at $673,000 after buying an additional 693 shares during the last quarter. Emerald Advisers LLC raised its stake in UMB Financial by 23.4% in the fourth quarter. Emerald Advisers LLC now owns 151,007 shares of the bank’s stock valued at $17,043,000 after purchasing an additional 28,592 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock worth $537,494,000 after acquiring an additional 48,507 shares during the period. LPL Financial LLC boosted its stake in UMB Financial by 171.6% in the fourth quarter. LPL Financial LLC now owns 20,329 shares of the bank’s stock valued at $2,294,000 after buying an additional 12,845 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in UMB Financial in the fourth quarter valued at about $1,075,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $101.85 on Friday. The business has a 50-day moving average of $110.22 and a 200-day moving average of $112.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 11.33 and a beta of 0.79. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $2.29 earnings per share. As a group, equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

Analyst Ratings Changes

UMBF has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Citigroup reissued a “neutral” rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, UMB Financial has an average rating of “Hold” and a consensus price target of $128.71.

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.