Jane Street Group LLC Increases Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Jane Street Group LLC lifted its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 309.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,561 shares of the bank's stock after acquiring an additional 33,686 shares during the period. Jane Street Group LLC owned 0.07% of BOK Financial worth $4,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank's stock worth $20,025,000 after acquiring an additional 218,513 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BOK Financial by 24.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank's stock valued at $568,000 after purchasing an additional 1,228 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in BOK Financial by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank's stock valued at $11,567,000 after purchasing an additional 13,175 shares during the period. Maryland State Retirement & Pension System bought a new stake in BOK Financial during the 2nd quarter valued at $210,000. Finally, nVerses Capital LLC acquired a new position in BOK Financial during the second quarter worth $147,000. 34.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BOKF. Stephens reduced 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. Wedbush reiterated a "neutral" rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their target price on BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Finally, Truist Financial upgraded BOK Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, BOK Financial currently has a consensus rating of "Hold" and an average target price of $114.40.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the transaction, the director now owns 44,709 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 56.94% of the stock is currently owned by insiders.

BOK Financial Stock Performance

BOKF stock traded down $5.61 during midday trading on Wednesday, hitting $108.74. The company's stock had a trading volume of 192,539 shares, compared to its average volume of 153,559. BOK Financial Co. has a 1 year low of $77.86 and a 1 year high of $121.58. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 14.96 and a beta of 1.18. The stock's 50-day moving average price is $113.57 and its 200 day moving average price is $103.59. 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 (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share 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 for the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the firm earned $2.04 EPS. On average, equities analysts forecast that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, November 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.10%. This is a positive change from BOK Financial's previous quarterly dividend of $0.55. BOK Financial's dividend payout ratio (DPR) is presently 31.36%.

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.