BOK Financial Co. (BOKF) Holdings Trimmed by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in BOK Financial Co. (NASDAQ:BOKF) by 23.1% during the 2nd quarter, Holdings Channel reports. The firm owned 2,943 shares of the bank’s stock after selling 884 shares during the period. D.A. Davidson & CO.’s holdings in BOK Financial were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. KHP Capital LLC boosted its holdings in BOK Financial by 89.7% in the 2nd quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock valued at $127,000 after purchasing an additional 638 shares during the last quarter. Swiss National Bank boosted its holdings in BOK Financial by 2.1% in the 1st quarter. Swiss National Bank now owns 34,200 shares of the bank’s stock valued at $3,385,000 after purchasing an additional 700 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in BOK Financial by 39.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,740 shares of the bank’s stock valued at $257,000 after purchasing an additional 780 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in BOK Financial by 3.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 27,330 shares of the bank’s stock valued at $2,708,000 after purchasing an additional 986 shares during the last quarter. Finally, Barclays PLC boosted its holdings in BOK Financial by 598.8% in the 1st quarter. Barclays PLC now owns 1,167 shares of the bank’s stock valued at $116,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 33.46% of the company’s stock.

BOKF has been the topic of several recent analyst reports. Wedbush boosted their target price on shares of BOK Financial from $106.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. DA Davidson boosted their target price on shares of BOK Financial from $103.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. Morgan Stanley boosted their target price on shares of BOK Financial from $101.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, April 27th. BidaskClub lowered shares of BOK Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 1st. Finally, Stephens reiterated a “buy” rating and issued a $112.00 target price on shares of BOK Financial in a report on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. BOK Financial has an average rating of “Hold” and a consensus target price of $106.85.

In other news, EVP Patrick E. Piper sold 12,962 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $103.09, for a total value of $1,336,252.58. Following the sale, the executive vice president now directly owns 25,066 shares of the company’s stock, valued at approximately $2,584,053.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen D. Grossi sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $98.75, for a total transaction of $133,312.50. Following the completion of the sale, the executive vice president now directly owns 20,191 shares in the company, valued at $1,993,861.25. The disclosure for this sale can be found here. Insiders sold a total of 20,388 shares of company stock worth $2,097,763 over the last three months. Insiders own 60.50% of the company’s stock.

BOK Financial stock opened at $99.43 on Friday. The company has a market capitalization of $6.44 billion, a PE ratio of 18.80, a P/E/G ratio of 1.82 and a beta of 0.93. BOK Financial Co. has a 1 year low of $77.10 and a 1 year high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.70.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, July 25th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.06. The business had revenue of $394.96 million for the quarter, compared to the consensus estimate of $389.41 million. BOK Financial had a net margin of 21.91% and a return on equity of 11.04%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. research analysts forecast that BOK Financial Co. will post 6.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 27th. Stockholders of record on Monday, August 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from BOK Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 10th. BOK Financial’s payout ratio is 37.81%.

About BOK Financial

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.

Further Reading: How Do I Invest in Dividend Stocks

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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