The stock of UMB Financial Corp (NASDAQ:UMBF) reached all time high today, Nov, 22 and still has $77.83 target or 4.00% above today’s $74.84 share price. This indicates more upside for the $3.70B company. This technical setup was reported by Barchart.com. If the $77.83 PT is reached, the company will be worth $148.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 78,381 shares traded hands. UMB Financial Corp (NASDAQ:UMBF) has risen 38.86% since April 20, 2016 and is uptrending. It has outperformed by 34.31% the S&P500.
UMB Financial Corp (NASDAQ:UMBF) Ratings Coverage
Out of 4 analysts covering UMB Financial (NASDAQ:UMBF), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. UMB Financial has been the topic of 6 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Raymond James given on Thursday, April 28. As per Saturday, August 8, the company rating was upgraded by Zacks. The firm has “Overweight” rating given on Thursday, September 3 by Piper Jaffray.
According to Zacks Investment Research, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas.”
Insitutional Activity: The institutional sentiment decreased to 1.32 in Q2 2016. Its down 0.48, from 1.8 in 2016Q1. The ratio dropped, as 7 funds sold all UMB Financial Corp shares owned while 42 reduced positions. 19 funds bought stakes while 69 increased positions. They now own 41.14 million shares or 4.27% less from 42.98 million shares in 2016Q1.
Teacher Retirement System Of Texas has 0% invested in the company for 5,920 shares. Ftb has invested 0% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). Blackrock Advsrs Lc holds 0.01% of its portfolio in UMB Financial Corp (NASDAQ:UMBF) for 268,068 shares. Amalgamated Bankshares has invested 0.02% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). Tci Wealth Advsrs has invested 0% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). New York State Common Retirement Fund has invested 0% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). Sei Co holds 0.01% of its portfolio in UMB Financial Corp (NASDAQ:UMBF) for 31,229 shares. Goldman Sachs Gp Inc has 0.01% invested in the company for 343,145 shares. Schwab Charles Invest has 0.01% invested in the company for 173,108 shares. First Trust Advsr L P accumulated 57,485 shares or 0.01% of the stock. Third Avenue Mngmt Ltd Llc reported 141,973 shares or 0.34% of all its holdings. Blackrock Group last reported 0% of its portfolio in the stock. Cantab Capital Prtn Limited Liability Partnership last reported 0% of its portfolio in the stock. Northern accumulated 0.02% or 1.05M shares. The Illinois-based Envestnet Asset has invested 0% in UMB Financial Corp (NASDAQ:UMBF).
Insider Transactions: Since May 24, 2016, the stock had 3 insider buys, and 5 insider sales for $366,111 net activity. GRAVES GREG M had bought 244 shares worth $13,512 on Monday, August 1. $434,885 worth of UMB Financial Corp (NASDAQ:UMBF) was sold by Hagedorn Michael D on Wednesday, May 25. Shares for $184,192 were sold by Brian J Walker on Wednesday, August 31. 300 shares were sold by ROBBINS KRIS A, worth $16,579 on Tuesday, June 14. Shares for $91,854 were sold by Swett Christian R on Monday, August 29. $89,162 worth of UMB Financial Corp (NASDAQ:UMBF) was sold by Macke Kevin M. The insider Iseman Andrew J sold 230 shares worth $13,342.
Another recent and important UMB Financial Corp (NASDAQ:UMBF) news was published by Marketwatch.com which published an article titled: “UMB Financial Corp.” on May 17, 2010.
UMBF Company Profile
UMB Financial Corporation is a diversified financial holding company. The Firm supplies banking services, institutional investment management, asset servicing and payment solutions to its clients in the United States and around the globe. The Company’s divisions include Bank; Payment Solutions; Institutional Investment Management, and Asset Servicing. The Company’s subsidiaries include Scout Investments, Inc. (Scout), an institutional asset-management company, and UMB Fund Services, Inc. (UMBFS), which provides fund accounting, transfer agency, and other services to mutual fund and alternative-investment groups. Scout offers domestic and international equity strategies through its Scout Asset Management Division and fixed income strategies through its Reams Asset Management Division.
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