Rs Investment Management Co Lowers stake in UMB Financial Corp (UMBF)

UMB Financial Corp (UMBF) : Rs Investment Management Co reduced its stake in UMB Financial Corp by 3.71% during the most recent quarter end. The investment management company now holds a total of 1,028,454 shares of UMB Financial Corp which is valued at $57,696,269 after selling 39,601 shares in UMB Financial Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.UMB Financial Corp makes up approximately 0.56% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in UMBF in the latest quarter, The investment management firm added 456,730 additional shares and now holds a total of 2,653,371 shares of UMB Financial Corp which is valued at $148,854,113. UMB Financial Corp makes up approx 0.16% of American Century Companies Inc’s portfolio. Huntington National Bank sold out all of its stake in UMBF during the most recent quarter. The investment firm sold 800 shares of UMBF which is valued $44,880.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.Creative Planning reduced its stake in UMBF by selling 774 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 10,250 shares of UMBF which is valued at $567,850.

UMB Financial Corp closed down -0.58 points or -1.04% at $55.41 with 1,40,273 shares getting traded on Friday. Post opening the session at $55.77, the shares hit an intraday low of $55.27 and an intraday high of $56.48 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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