Institutional Heat: Umb Financial Corp (UMBF) Shareholder Keeley Asset Management Corp Decreased Its Stake

Institutional Heat: Umb Financial Corp (UMBF) Shareholder Keeley Asset Management Corp Decreased Its Stake

Keeley Asset Management Corp decreased its stake in Umb Financial Corp (UMBF) by 10.47% based on its latest 2016Q3 regulatory filing with the SEC. Keeley Asset Management Corp sold 113,205 shares as the company’s stock rose 13.32% with the market. The institutional investor held 968,184 shares of the major banks company at the end of 2016Q3, valued at $57.56 million, down from 1.08 million at the end of the previous reported quarter. Keeley Asset Management Corp who had been investing in Umb Financial Corp for a number of months, seems to be less bullish one the $3.77B market cap company. The stock is down 0.49% or $0.37 after the negative news, hitting $75.27 per share. About 242,952 shares traded hands. UMB Financial Corp (NASDAQ:UMBF) has risen 30.87% since June 7, 2016 and is uptrending. It has outperformed by 23.44% the S&P500.

Keeley Asset Management Corp, which manages about $5.91B and $2.35B US Long portfolio, upped its stake in Verint Systems Inc. (NASDAQ:VRNT) by 166,080 shares to 849,894 shares, valued at $31.98M in 2016Q3, according to the filing. It also increased its holding in Bloomin’ Brands Inc. (NASDAQ:BLMN) by 242,770 shares in the quarter, for a total of 1.32M shares, and has risen its stake in Black Hills Corp. (NYSE:BKH).

Keeley Asset Management Corp is a Illinois-based institutional investor with more than $5.91 billion AUM in March, 2014. Taken from Keeley Asset Management latest Adv, the fund reported to have 25 full and part-time employees. Among which 13 performing investment advisory and research functions. The institutional investor had more than 800 clients.

Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q3. Its down 0.48, from 1.8 in 2016Q2. The ratio dropped, as 11 funds sold all UMBF shares owned while 52 reduced positions. 18 funds bought stakes while 65 increased positions. They now own 41.12 million shares or 0.04% less from 41.14 million shares in 2016Q2. Ameriprise Finance has invested 0.03% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). Ladenburg Thalmann Serv holds 0% or 908 shares in its portfolio. Glenmede Na holds 0% or 740 shares in its portfolio. Delta Asset Mngmt Ltd Tn last reported 0.05% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Sys last reported 0.01% of its portfolio in the stock. Cim Invest Mangement last reported 0.15% of its portfolio in the stock. Teachers Retirement Systems Of The State Of Kentucky holds 14,500 shares or 0.01% of its portfolio. Blackrock Institutional Company Na has 0.01% invested in the company for 1.10M shares. Suntrust Banks has 0.02% invested in the company for 48,462 shares. First Interstate Financial Bank has 300 shares for 0% of their US portfolio. Tributary Capital Management Ltd Liability Corporation last reported 172,329 shares in the company. Matarin Ltd Limited Liability Company owns 143,530 shares or 0% of their US portfolio. Eagle Asset Mngmt Inc has invested 0.18% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). Metropolitan Life Insur Ny holds 31,869 shares or 0.01% of its portfolio. Bank Of America De has invested 0% of its portfolio in UMB Financial Corp (NASDAQ:UMBF).

Insider Transactions: Since August 1, 2016, the stock had 3 buys, and 3 insider sales for $336,190 net activity. Another trade for 1,518 shares valued at $91,854 was made by Swett Christian R on Monday, August 29. The insider GRAVES GREG M bought $14,478. Brian J Walker also sold $184,192 worth of UMB Financial Corp (NASDAQ:UMBF) shares. 1,278 shares were sold by Macke Kevin M, worth $89,162.

Analysts await UMB Financial Corp (NASDAQ:UMBF) to report earnings on January, 24. They expect $0.85 earnings per share, up 41.67% or $0.25 from last year’s $0.6 per share. UMBF’s profit will be $42.57M for 22.14 P/E if the $0.85 EPS becomes a reality. After $0.87 actual earnings per share reported by UMB Financial Corp for the previous quarter, Wall Street now forecasts -2.30% negative EPS growth.

More recent UMB Financial Corp (NASDAQ:UMBF) news were published by: Marketwatch.com which released: “UMB Financial downgraded to underperform from market perform at Raymond James” on May 17, 2010. Also Bizjournals.com published the news titled: “UMB Financial Corp. acquires Meridian Bank Texas’ parent company in $182.5M deal” on December 16, 2014. Streetinsider.com‘s news article titled: “Form 8-K UMB FINANCIAL CORP For: May 31” with publication date: June 01, 2015 was also an interesting one.

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.”

UMB Financial Corp (NASDAQ:UMBF) Ratings Coverage

Out of 7 analysts covering UMB Financial (NASDAQ:UMBF), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. UMB Financial has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Tuesday, January 10 the stock rating was downgraded by Piper Jaffray to “Neutral”. Wells Fargo initiated UMB Financial Corp (NASDAQ:UMBF) on Friday, January 6 with “Market Perform” rating. On Thursday, September 3 the stock rating was maintained by Piper Jaffray with “Overweight”. Zacks upgraded the stock to “Sell” rating in Saturday, August 8 report. The stock of UMB Financial Corp (NASDAQ:UMBF) has “Neutral” rating given on Tuesday, January 10 by PiperJaffray. On Thursday, April 28 the stock rating was upgraded by Raymond James to “Market Perform”. FBR Capital initiated it with “Mkt Perform” rating and $80 target price in Tuesday, January 10 report.

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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