BOK Financial Co. (NASDAQ:BOKF) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 28.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 223,745 shares of the bank's stock after buying an additional 48,942 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.35% of BOK Financial worth $23,408,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial in the second quarter worth about $39,000. KBC Group NV raised its stake in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in BOK Financial during the third quarter worth about $142,000. Point72 DIFC Ltd acquired a new stake in BOK Financial during the second quarter worth about $143,000. Finally, nVerses Capital LLC acquired a new stake in BOK Financial during the second quarter worth about $147,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction 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 sale, the director now owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 56.94% of the stock is currently owned by company insiders.

BOK Financial Trading Down 1.4 %

BOK Financial stock traded down $1.67 during trading on Thursday, reaching $117.80. 269,094 shares of the company were exchanged, compared to its average volume of 153,267. BOK Financial Co. has a 52-week low of $76.61 and a 52-week high of $121.58. The company has a market capitalization of $7.55 billion, a P/E ratio of 16.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The stock's 50 day simple moving average is $110.98 and its two-hundred day simple moving average is $101.89.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data 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 firm 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 business posted $2.04 earnings per share. On average, equities research analysts expect that BOK Financial Co. will post 8.08 earnings per share 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 given a dividend of $0.57 per share. This is an increase from BOK Financial's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 1.94%. BOK Financial's dividend payout ratio (DPR) is presently 31.36%.

Wall Street Analysts Forecast Growth

BOKF has been the topic of several analyst reports. Stephens dropped their target price on BOK Financial from $116.00 to $114.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday. Wedbush reissued a "neutral" rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. DA Davidson dropped their price objective on BOK Financial from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, BOK Financial has a consensus rating of "Hold" and an average target price of $114.40.

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.