Sanctuary Advisors LLC decreased its holdings in BOK Financial Co. (NASDAQ:BOKF – Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,753 shares of the bank’s stock after selling 191 shares during the quarter. Sanctuary Advisors LLC’s holdings in BOK Financial were worth $602,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after acquiring an additional 125,950 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after acquiring an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after acquiring an additional 48,874 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of BOK Financial in the 2nd quarter worth about $3,429,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.
Insider Activity at BOK Financial
In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 56.94% of the company’s stock.
BOK Financial Trading Up 0.9 %
Shares of NASDAQ:BOKF opened at $109.83 on Wednesday. BOK Financial Co. has a fifty-two week low of $77.86 and a fifty-two week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.04 billion, a PE ratio of 15.11 and a beta of 1.18. The company’s 50-day moving average price is $113.64 and its 200 day moving average price is $104.25.
BOK Financial (NASDAQ:BOKF – Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the firm posted $2.04 earnings per share. Sell-side analysts anticipate that BOK Financial Co. will post 8.08 earnings per share for the current year.
BOK Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is 31.36%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens reduced their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $114.40.
Read Our Latest Stock Analysis on BOK Financial
BOK Financial Company Profile
(Free Report)
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
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