Geode Capital Management LLC Sells 46,535 Shares of BOK Financial Co. (NASDAQ:BOKF)

Geode Capital Management LLC trimmed its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 10.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 405,542 shares of the bank's stock after selling 46,535 shares during the period. Geode Capital Management LLC owned approximately 0.63% of BOK Financial worth $42,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. XTX Topco Ltd grew its stake in shares of BOK Financial by 9.6% in the third quarter. XTX Topco Ltd now owns 3,940 shares of the bank's stock worth $412,000 after acquiring an additional 346 shares during the last quarter. Jane Street Group LLC raised its holdings in BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock worth $4,662,000 after buying an additional 33,686 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of BOK Financial in the third quarter worth approximately $200,000. Quadrature Capital Ltd bought a new stake in shares of BOK Financial during the third quarter valued at approximately $472,000. Finally, Quantinno Capital Management LP raised its holdings in BOK Financial by 70.6% in the 3rd quarter. Quantinno Capital Management LP now owns 6,987 shares of the bank's stock worth $731,000 after acquiring an additional 2,891 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 56.94% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOKF. Wedbush reissued a "neutral" rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Truist Financial upgraded BOK Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Stephens lowered their target price on shares of BOK Financial from $116.00 to $114.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada increased their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $114.40.

BOK Financial Stock Performance

BOKF traded up $0.94 during trading on Tuesday, hitting $109.83. The company's stock had a trading volume of 34,169 shares, compared to its average volume of 153,476. The business's 50 day simple moving average is $113.64 and its 200-day simple moving average is $104.25. The firm has a market cap of $7.04 billion, a PE ratio of 15.11 and a beta of 1.18. BOK Financial Co. has a one year low of $77.86 and a one year high of $121.58. 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 announced 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 return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to analysts' expectations of $509.43 million. During the same period last year, the firm earned $2.04 EPS. As a group, sell-side analysts predict that BOK Financial Co. will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was 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 dividend yield of 2.08%. BOK Financial's payout ratio is 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.