Hsbc Holdings PLC Trims Stock Holdings in BOK Financial Corporation $BOKF

Key Points

• Hsbc Holdings PLC has reduced its stake in BOK Financial Corporation by 50.6%, now holding 6,613 shares valued at approximately $687,000.
• Institutional investors have recently made significant changes to their positions in BOK Financial, with Northern Trust Corp increasing its holdings by 25.1%, owning now 182,347 shares valued at about $18.99 million.
• Several analysts have updated their ratings and price targets for BOK Financial, with DA Davidson raising its price objective from $114.00 to $120.00, while Wall Street Zen downgraded it from a "hold" to a "sell" rating.

Hsbc Holdings PLC lessened its holdings in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 50.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,613 shares of the bank's stock after selling 6,784 shares during the period. Hsbc Holdings PLC's holdings in BOK Financial were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BOKF. 111 Capital bought a new position in BOK Financial in the 4th quarter valued at about $206,000. Bank of America Corp DE boosted its position in shares of BOK Financial by 27.4% during the 4th quarter. Bank of America Corp DE now owns 56,314 shares of the bank's stock valued at $5,995,000 after purchasing an additional 12,108 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of BOK Financial by 10,687.0% during the first quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock valued at $5,348,000 after purchasing an additional 50,870 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of BOK Financial by 8.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock worth $24,415,000 after purchasing an additional 18,355 shares during the period. Finally, Captrust Financial Advisors bought a new position in BOK Financial in the 4th quarter valued at about $368,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Price Performance

Shares of NASDAQ:BOKF traded up $1.04 during midday trading on Thursday, reaching $113.10. 69,726 shares of the company were exchanged, compared to its average volume of 192,114. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58. The business's fifty day moving average is $104.56 and its two-hundred day moving average is $99.86. The stock has a market cap of $7.19 billion, a PE ratio of 13.53 and a beta of 0.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. During the same period in the prior year, the company earned $2.54 EPS. As a group, analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 13th. BOK Financial's dividend payout ratio is presently 27.31%.

Analyst Ratings Changes

BOKF has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on shares of BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. DA Davidson upped their price objective on shares of BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group raised their target price on BOK Financial from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered shares of BOK Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $113.83.

BOK Financial Company Profile

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.