BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stake in BOK Financial Co. (NASDAQ:BOKF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,091 shares of the bank's stock after purchasing an additional 9,863 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.21% of BOK Financial worth $14,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial during the second quarter valued at $39,000. Olistico Wealth LLC bought a new stake in shares of BOK Financial in the 2nd quarter worth about $46,000. KBC Group NV lifted its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of BOK Financial in the 1st quarter worth about $86,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of BOK Financial in the 3rd quarter worth about $142,000. Institutional investors own 34.44% of the company's stock.

BOK Financial Stock Up 1.6 %

Shares of BOK Financial stock traded up $1.88 on Friday, reaching $117.53. The stock had a trading volume of 196,880 shares, compared to its average volume of 156,155. The company has a 50 day moving average price of $108.72 and a 200 day moving average price of $100.57. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a 1 year low of $69.76 and a 1 year high of $119.52. The stock has a market capitalization of $7.54 billion, a P/E ratio of 16.17 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The company had revenue of $888.50 million during the quarter, compared to analysts' expectations of $509.43 million. During the same period last year, the business earned $2.04 EPS. As a group, equities research analysts forecast that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, November 15th. This is an increase from BOK Financial's previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 1.94%. BOK Financial's dividend payout ratio is 31.36%.

Analyst Upgrades and Downgrades

BOKF has been the subject of several analyst reports. DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Stephens decreased their price objective on shares of BOK Financial from $116.00 to $114.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Truist Financial upgraded shares of BOK Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $112.00 to $123.00 in a report on Friday, September 20th. Royal Bank of Canada lifted their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Finally, Wedbush reiterated a "neutral" rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $112.20.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 56.94% of the stock is currently owned by insiders.

BOK Financial 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.