First Trust Advisors LP lifted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 24.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,222 shares of the bank’s stock after buying an additional 29,528 shares during the period. First Trust Advisors LP owned about 0.23% of BOK Financial worth $14,614,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. NumerixS Investment Technologies Inc purchased a new position in shares of BOK Financial during the 2nd quarter worth approximately $104,000. Bank of Montreal Can purchased a new position in shares of BOK Financial during the 2nd quarter worth approximately $120,000. KHP Capital LLC raised its stake in shares of BOK Financial by 89.7% during the 2nd quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock worth $127,000 after buying an additional 638 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of BOK Financial during the 2nd quarter worth approximately $133,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of BOK Financial during the 2nd quarter worth approximately $204,000. 33.90% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. BidaskClub raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, August 29th. Hovde Group increased their target price on BOK Financial from $100.00 to $105.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 15th. Finally, SunTrust Banks reissued a “hold” rating and set a $102.00 target price on shares of BOK Financial in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $105.79.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The business had revenue of $408.82 million for the quarter, compared to analysts’ expectations of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same quarter in the prior year, the firm posted $1.31 EPS. As a group, equities research analysts forecast that BOK Financial Co. will post 6.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Monday, November 12th will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is currently 37.81%.
In related news, EVP Stephen D. Grossi sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $98.75, for a total value of $133,312.50. Following the sale, the executive vice president now owns 20,191 shares in the company, valued at approximately $1,993,861.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director C Fred Ball, Jr. sold 476 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $103.28, for a total value of $49,161.28. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at approximately $370,981.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,276 shares of company stock worth $228,788. Insiders own 60.50% of the company’s stock.
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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.
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