Keeley Asset Management Corp Lowers stake in UMB Financial Corp (UMBF)

UMB Financial Corp (UMBF) : Keeley Asset Management Corp reduced its stake in UMB Financial Corp by 10.57% during the most recent quarter end. The investment management company now holds a total of 1,081,389 shares of UMB Financial Corp which is valued at $61,768,940 after selling 127,833 shares in UMB Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.UMB Financial Corp makes up approximately 2.44% of Keeley Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd added UMBF to its portfolio by purchasing 4,884 company shares during the most recent quarter which is valued at $278,974.Cable Hill Partners reduced its stake in UMBF by selling 2 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 105 shares of UMBF which is valued at $5,977.Ls Investment Advisors boosted its stake in UMBF in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 1,517 shares of UMB Financial Corp which is valued at $84,239. UMB Financial Corp makes up approx 0.01% of Ls Investment Advisors’s portfolio.Eagle Asset Management Inc reduced its stake in UMBF by selling 55,531 shares or 13.07% in the most recent quarter. The Hedge Fund company now holds 369,217 shares of UMBF which is valued at $20,513,697. UMB Financial Corp makes up approx 0.14% of Eagle Asset Management Inc’s portfolio.

UMB Financial Corp opened for trading at $59.98 and hit $60.88 on the upside on Monday, eventually ending the session at $60.59, with a gain of 0.83% or 0.5 points. The heightened volatility saw the trading volume jump to 2,46,531 shares. Company has a market cap of $3,001 M.

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.

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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