Charles Schwab Investment Management Inc. Lowers Stake in BOK Financial Co. (NASDAQ:BOKF)

Charles Schwab Investment Management Inc. decreased its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,193 shares of the bank's stock after selling 30,553 shares during the period. Charles Schwab Investment Management Inc. owned about 0.37% of BOK Financial worth $25,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank's stock valued at $199,405,000 after purchasing an additional 125,950 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank's stock valued at $20,025,000 after buying an additional 218,513 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock worth $14,238,000 after buying an additional 9,863 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of BOK Financial during the second quarter worth $3,429,000. Finally, Envestnet Asset Management Inc. grew its stake in BOK Financial by 3.8% during the second quarter. Envestnet Asset Management Inc. now owns 21,767 shares of the bank's stock valued at $1,995,000 after acquiring an additional 799 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Up 0.5 %

Shares of BOKF traded up $0.58 during midday trading on Friday, reaching $118.38. 147,774 shares of the stock were exchanged, compared to its average volume of 153,036. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The company's 50 day moving average is $111.25 and its two-hundred day moving average is $102.00. The company has a market capitalization of $7.59 billion, a P/E ratio of 16.22 and a beta of 1.18. BOK Financial Co. has a 52 week low of $76.76 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating 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 business had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same quarter last year, the firm posted $2.04 EPS. On average, sell-side analysts anticipate that BOK Financial Co. will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, November 15th. This is a positive change from BOK Financial's previous quarterly dividend of $0.55. BOK Financial's dividend payout ratio is currently 31.36%.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now directly owns 44,709 shares of the company's stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 56.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BOKF shares. DA Davidson decreased their target price on BOK Financial from $124.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Truist Financial upgraded BOK Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Wells Fargo & Company increased their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Wedbush reiterated a "neutral" rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price target on BOK Financial from $111.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $114.40.

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.