Keeley Asset Management Corp buys $65 Million stake in UMB Financial Corp (UMBF)

UMB Financial Corp (UMBF) : Keeley Asset Management Corp scooped up 111,325 additional shares in UMB Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,209,222 shares of UMB Financial Corp which is valued at $65 Million.UMB Financial Corp makes up approximately 2.51% of Keeley Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in UMBF in the latest quarter, The investment management firm added 59,700 additional shares and now holds a total of 133,200 shares of UMB Financial Corp which is valued at $7.2 Million. UMB Financial Corp makes up approx 0.01% of Renaissance Technologies’s portfolio.Thrivent Financial For Lutherans boosted its stake in UMBF in the latest quarter, The investment management firm added 1,480 additional shares and now holds a total of 19,470 shares of UMB Financial Corp which is valued at $1 Million. UMB Financial Corp makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio.Blackrock Investment Management boosted its stake in UMBF in the latest quarter, The investment management firm added 2,796 additional shares and now holds a total of 166,001 shares of UMB Financial Corp which is valued at $8.9 Million. UMB Financial Corp makes up approx 0.01% of Blackrock Investment Management’s portfolio.Mutual Of America Capital Management reduced its stake in UMBF by selling 32 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 42,934 shares of UMBF which is valued at $2.3 Million. UMB Financial Corp makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.Johnson Financial Group reduced its stake in UMBF by selling 50 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 630 shares of UMBF which is valued at $33,888. UMB Financial Corp makes up approx 0.01% of Johnson Financial Group’s portfolio.

UMB Financial Corp closed down -0.01 points or -0.02% at $57.59 with 2,43,538 shares getting traded on Wednesday. Post opening the session at $57.59, the shares hit an intraday low of $56.01 and an intraday high of $57.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, UMB Financial Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.68. The company had revenue of $234.20 million for the quarter, compared to analysts expectations of $232.89 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Investors should note that on Apr 26, 2016, UMB Financial Corp announced a cash dividend of $0.2450. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

Many Wall Street Analysts have commented on UMB Financial Corp. UMB Financial Corp was Upgraded by Raymond James to ” Mkt Perform” on Apr 28, 2016.

UMB Financial Corporation is a financial holding company. The Company’s primary banking subsidiary is UMB Bank National Association (the Bank). The Company supplies banking services institutional investment management asset servicing and payment solutions in the United States and across the world. The Company operates in four segments: Bank Institutional Investment Management Asset Servicing and Payment Solutions. The Bank provides banking services to commercial retail Government and correspondent bank customers. Institutional Investment Management segment provides equity and fixed income investment strategies. Asset Servicing segment provides services to the asset management industry for investment products including mutual funds alternative investments and managed accounts. Payment Solutions segment provides consumer and commercial credit and debit card prepaid debit card solutions healthcare services and institutional cash management.

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