28,609 BOK Financial Corporation $BOKF Shares Sold by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors cut its BOK Financial stake by 89.8%, selling 28,609 shares and retaining 3,240 shares valued at approximately $410,000. Institutional investors and hedge funds own 34.44% of the company.
• Analysts remain largely neutral on BOK Financial, with a consensus “Hold” rating and an average price target of $143.27. The stock recently traded at $130.05, while several analysts lowered their targets.
• BOK Financial exceeded quarterly earnings expectations, reporting $2.64 in EPS versus the $2.52 consensus, although revenue fell 34.3% year over year to $561.45 million. The company maintains a quarterly dividend of $0.63 per share, yielding about 1.9%.

Nisa Investment Advisors LLC reduced its stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 89.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,240 shares of the bank's stock after selling 28,609 shares during the period. Nisa Investment Advisors LLC's holdings in BOK Financial were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BOKF. SG Americas Securities LLC boosted its stake in BOK Financial by 352.3% in the 1st quarter. SG Americas Securities LLC now owns 24,026 shares of the bank's stock valued at $3,077,000 after buying an additional 18,714 shares in the last quarter. California State Teachers Retirement System grew its position in BOK Financial by 48.0% in the first quarter. California State Teachers Retirement System now owns 30,945 shares of the bank's stock valued at $3,963,000 after acquiring an additional 10,030 shares during the period. Isthmus Partners LLC grew its position in BOK Financial by 75.2% in the first quarter. Isthmus Partners LLC now owns 26,245 shares of the bank's stock valued at $3,361,000 after acquiring an additional 11,264 shares during the period. Dimensional Fund Advisors LP raised its stake in BOK Financial by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank's stock worth $346,843,000 after acquiring an additional 34,833 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in BOK Financial during the first quarter worth $6,248,000. 34.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BOK Financial news, EVP Brad A. Vincent sold 4,015 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the sale, the executive vice president owned 6,031 shares of the company's stock, valued at $877,028.02. This represents a 39.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Bangert sold 1,250 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the sale, the director directly owned 31,710 shares in the company, valued at approximately $4,564,971.60. This represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 63.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Hovde Group assumed coverage on BOK Financial in a report on Friday, September 11th. They set a "market perform" rating and a $143.00 price objective for the company. Citigroup lowered their target price on shares of BOK Financial from $146.00 to $140.00 and set a "neutral" rating on the stock in a report on Thursday, October 22nd. Royal Bank Of Canada lowered their target price on shares of BOK Financial from $149.00 to $146.00 and set a "sector perform" rating on the stock in a report on Friday, October 9th. Stephens dropped their target price on shares of BOK Financial from $148.00 to $141.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of BOK Financial in a report on Friday, September 4th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $143.27.

BOK Financial Stock Up 0.3%

NASDAQ BOKF opened at $130.05 on Thursday. The firm has a market cap of $7.90 billion, a PE ratio of 11.79 and a beta of 0.82. BOK Financial Corporation has a one year low of $102.72 and a one year high of $146.84. The stock's 50 day simple moving average is $131.65 and its 200 day simple moving average is $132.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, October 19th. The bank reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.12. BOK Financial had a return on equity of 10.41% and a net margin of 19.53%. The firm had revenue of $561.45 million during the quarter, compared to analysts' expectations of $571.40 million. During the same period last year, the firm posted $2.22 EPS. The business's revenue was down 34.3% on a year-over-year basis. As a group, sell-side analysts forecast that BOK Financial Corporation will post 10.41 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.63 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. BOK Financial's dividend payout ratio (DPR) is 22.85%.

BOK Financial Company Profile

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.

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