UMB Financial Corp (NASDAQ:UMBF) Chairman and CEO Mariner Kemper (NYSE:KMPR) has sold a portion of his holdings in the company, according to a recent SEC filing. The transactions, which took place on March 28, 2024, involved the sale of company common stock at prices ranging from $85.61 to $86.55 per share.
The sales totaled approximately $574,504, indicating a notable transaction from the executive of the Kansas City-based financial institution. Following the sales, Mr. Kemper's direct and indirect ownership in UMB Financial includes a variety of positions held through family trusts and other entities, reflecting his continued investment in the company's future.
UMB Financial Corp, with its history as a national commercial bank, has been a significant player in the financial sector, and executive stock transactions are closely watched by investors for insights into the company's internal perspective. The details of the transactions suggest a diversification strategy by the Chairman and CEO, yet they also show his remaining substantial stake in the company.
Investors and analysts typically monitor such filings to gauge the confidence level of a company's executives and board members. The sales by Mr. Kemper come as part of the regular financial disclosures required by corporate insiders.
The filing also includes the signature of attorney-in-fact Jason Bartel, who completed the transaction on behalf of Mr. Kemper. UMB Financial Corp has not released any additional statements regarding the transaction at this time.
InvestingPro Insights
As UMB Financial Corp's (NASDAQ:UMBF) Chairman and CEO Mariner Kemper adjusts his holdings, investors may find value in the latest metrics and insights from InvestingPro. The company, with a market capitalization of $4.12 billion and a price-to-earnings (P/E) ratio of 11.78 based on the last twelve months as of Q4 2023, presents a compelling financial profile.
InvestingPro Data shows UMB Financial Corp has experienced a significant price uptick over the last six months, with a 41.57% return, and is trading near its 52-week high at 99.58% of the peak price. Additionally, the company has a strong operating income margin of 35.7% for the same period, indicating efficient management and profitability.
InvestingPro Tips highlight that UMB Financial Corp has raised its dividend for 31 consecutive years, which may reassure investors looking for stable income. Moreover, the company has maintained dividend payments for 54 consecutive years, reflecting a long-standing commitment to shareholder returns. These aspects are particularly noteworthy as they underline the company's financial health and management's confidence in its ongoing performance. With 5 analysts revising their earnings upwards for the upcoming period, the outlook for UMB Financial appears optimistic.
For those interested in further insights and metrics, InvestingPro offers additional tips for UMB Financial Corp, which can be found at https://www.investing.com/pro/UMBF. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and access the full spectrum of financial analysis and investment tools.
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