Bank of America Corp DE lifted its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 135.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,910 shares of the bank's stock after acquiring an additional 80,582 shares during the quarter. Bank of America Corp DE owned 0.23% of BOK Financial worth $17,917,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in BOK Financial by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank's stock worth $346,843,000 after purchasing an additional 34,833 shares during the period. Cibc World Markets Corp purchased a new stake in shares of BOK Financial in the fourth quarter valued at approximately $130,994,000. Cibc World Market Inc. boosted its holdings in shares of BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock valued at $107,656,000 after purchasing an additional 254,800 shares during the period. State Street Corp grew its stake in BOK Financial by 5.3% in the fourth quarter. State Street Corp now owns 872,649 shares of the bank's stock worth $103,374,000 after purchasing an additional 44,068 shares in the last quarter. Finally, Freestone Grove Partners LP grew its stake in BOK Financial by 36.3% in the fourth quarter. Freestone Grove Partners LP now owns 495,532 shares of the bank's stock worth $58,701,000 after purchasing an additional 131,922 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at BOK Financial
In other news, Director Steven Bangert sold 1,250 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the transaction, the director owned 31,710 shares in the company, valued at $4,564,971.60. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brad A. Vincent sold 4,015 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares of the company's stock, valued at $877,028.02. The trade was a 39.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,274 shares of company stock worth $765,067 in the last 90 days. Insiders own 63.53% of the company's stock.
BOK Financial Stock Down 3.2%
Shares of BOK Financial stock opened at $140.35 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. The company has a market cap of $8.53 billion, a P/E ratio of 13.23 and a beta of 0.80. The firm's 50 day moving average price is $139.69 and its 200-day moving average price is $133.66. BOK Financial Corporation has a 52-week low of $102.72 and a 52-week high of $146.84.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The firm had revenue of $602.54 million during the quarter, compared to analyst estimates of $568.08 million. During the same quarter last year, the business earned $2.19 earnings per share. BOK Financial's revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that BOK Financial Corporation will post 10.32 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. BOK Financial's payout ratio is presently 23.75%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on BOKF shares. Citigroup reissued a "neutral" rating on shares of BOK Financial in a research report on Thursday, July 23rd. Benchmark assumed coverage on BOK Financial in a report on Wednesday, June 24th. They issued a "hold" rating for the company. Royal Bank Of Canada upped their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $143.00 to $146.00 and gave the stock a "market perform" rating in a report on Friday, July 24th. Finally, Barclays raised their target price on shares of BOK Financial from $150.00 to $155.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $140.36.
Get Our Latest Report on BOKF
About BOK Financial
(
Free Report)
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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