Goldman Sachs Group Inc. Sells 38,016 Shares of UMB Financial Corporation $UMBF

Goldman Sachs Group Inc. lessened its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 806,423 shares of the bank’s stock after selling 38,016 shares during the quarter. Goldman Sachs Group Inc. owned 1.06% of UMB Financial worth $92,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UMBF. Alliancebernstein L.P. increased its position in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after purchasing an additional 1,286,543 shares during the last quarter. Wellington Management Group LLP increased its position in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after purchasing an additional 751,525 shares during the last quarter. Norges Bank purchased a new stake in shares of UMB Financial during the 4th quarter valued at $85,885,000. State Street Corp increased its position in shares of UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of UMB Financial during the 3rd quarter valued at $29,484,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $131.82 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a 52-week low of $98.16 and a 52-week high of $136.11. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.88 and a beta of 0.78. The business’s fifty day moving average is $125.08 and its 200 day moving average is $121.15.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. During the same period in the previous year, the company posted $2.58 EPS. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. Research analysts predict that UMB Financial Corporation will post 12.76 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 10th. UMB Financial’s payout ratio is presently 15.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UMBF. Hovde Group raised their target price on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Truist Financial set a $140.00 target price on UMB Financial in a research report on Friday, May 1st. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Piper Sandler boosted their target price on UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, UMB Financial has a consensus rating of “Buy” and an average target price of $145.55.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.