BOK Financial Co. (NASDAQ:BOKF) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 55.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,833 shares of the bank's stock after purchasing an additional 48,874 shares during the quarter. Point72 Asset Management L.P. owned about 0.21% of BOK Financial worth $14,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank's stock worth $199,405,000 after buying an additional 125,950 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank's stock valued at $23,408,000 after purchasing an additional 48,942 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position 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 valued at $20,025,000 after purchasing an additional 218,513 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in BOK Financial by 7.8% during 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 purchasing an additional 9,863 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of BOK Financial by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank's stock worth $8,643,000 after buying an additional 564 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BOKF shares. Truist Financial raised BOK Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Wells Fargo & Company increased 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 report on Tuesday. Stephens dropped 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 reaffirmed a "neutral" rating and set a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price target 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $114.40.

BOK Financial Stock Up 0.5 %

Shares of BOK Financial stock traded up $0.58 during trading on Friday, hitting $118.38. 147,774 shares of the stock were exchanged, compared to its average volume of 149,307. 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 firm's 50-day moving average price is $111.53 and its 200 day moving average price is $102.17. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 16.28 and a beta of 1.18. BOK Financial Co. has a 12-month low of $76.76 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (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 the consensus estimate of $509.43 million. During the same period in the previous year, the business earned $2.04 EPS. As a group, analysts forecast that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

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

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was 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 of the company's stock, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 56.94% of the stock is owned by corporate insiders.

BOK Financial 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.