Edgestream Partners L.P. cut its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 56.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,473 shares of the bank's stock after selling 20,950 shares during the quarter. Edgestream Partners L.P.'s holdings in BOK Financial were worth $1,723,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial in the 2nd quarter valued at $39,000. KBC Group NV grew its holdings in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in BOK Financial during the 3rd quarter valued at about $142,000. CWM LLC grew its holdings in BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank's stock valued at $152,000 after buying an additional 989 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in BOK Financial during the 2nd quarter valued at about $143,000. 34.44% of the stock is owned by institutional investors and hedge funds.
BOK Financial Stock Up 1.2 %
Shares of NASDAQ:BOKF traded up $1.37 on Wednesday, reaching $119.47. The company had a trading volume of 132,960 shares, compared to its average volume of 152,772. BOK Financial Co. has a 52-week low of $75.64 and a 52-week high of $121.58. The firm's 50 day simple moving average is $110.64 and its 200-day simple moving average is $101.77. 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 firm has a market capitalization of $7.66 billion, a PE ratio of 16.24 and a beta of 1.18.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $509.43 million. During the same quarter in the previous year, the firm posted $2.04 EPS. As a group, analysts expect that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.
BOK Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.91%. 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 payout ratio is currently 31.36%.
Insider Activity at BOK Financial
In related news, Director Steven Bangert sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 59.72% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on BOKF shares. DA Davidson dropped their price target on BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Truist Financial upgraded BOK Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Finally, Stephens dropped their price target on BOK Financial from $116.00 to $114.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, BOK Financial has an average rating of "Hold" and an average target price of $114.40.
Get Our Latest Report on BOKF
About BOK Financial
(
Free Report)
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.
Featured Articles
Before you consider BOK Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOK Financial wasn't on the list.
While BOK Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
