144,070 Shares in BOK Financial Corporation $BOKF Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 144,070 shares of the bank's stock, valued at approximately $20,008,000. Bank of New York Mellon Corp owned approximately 0.24% of BOK Financial as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cibc World Markets Corp bought a new stake in BOK Financial in the fourth quarter valued at approximately $130,994,000. Freestone Grove Partners LP increased its stake in shares of BOK Financial by 407.0% during the third quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank's stock valued at $40,521,000 after buying an additional 291,894 shares during the period. Norges Bank bought a new position in shares of BOK Financial during the fourth quarter valued at approximately $32,755,000. Cibc World Market Inc. lifted its stake in BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock worth $107,656,000 after acquiring an additional 254,800 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in BOK Financial by 193.7% in the second quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank's stock valued at $22,087,000 after acquiring an additional 149,201 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 1,250 shares of BOK Financial stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the completion of the sale, the director owned 31,710 shares of the company's stock, valued at $4,564,971.60. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brad A. Vincent sold 4,015 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total value of $583,861.30. Following the sale, the executive vice president owned 6,031 shares of the company's stock, valued at approximately $877,028.02. This trade represents a 39.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 5,274 shares of company stock valued at $765,067. Company insiders own 63.53% of the company's stock.

BOK Financial Stock Performance

BOKF stock opened at $137.48 on Monday. The stock has a market capitalization of $8.35 billion, a PE ratio of 12.96 and a beta of 0.80. BOK Financial Corporation has a 12-month low of $102.72 and a 12-month high of $146.84. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The stock's 50 day simple moving average is $140.69 and its 200 day simple moving average is $133.94.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). The business had revenue of $602.54 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.BOK Financial's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.19 earnings per share. As a group, research analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 19th. BOK Financial's payout ratio is 23.75%.

Analyst Ratings Changes

A number of research analysts have issued reports on BOKF shares. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $138.00 to $148.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Barclays raised their price objective on shares of BOK Financial from $150.00 to $155.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. Citigroup reissued a "neutral" rating on shares of BOK Financial in a research report on Thursday, July 23rd. Royal Bank Of Canada raised their price objective on BOK Financial from $147.00 to $149.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $143.00 to $146.00 and gave the company a "market perform" rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, BOK Financial currently has a consensus rating of "Hold" and an average price target of $140.36.

BOK Financial Company Profile

BOK Financial Corporation NASDAQ: BOKF, headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company's offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

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