Quadrature Capital Ltd Acquires Shares of 4,512 BOK Financial Co. (NASDAQ:BOKF)

Quadrature Capital Ltd bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,512 shares of the bank's stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOKF. Quantinno Capital Management LP lifted its holdings in shares of BOK Financial by 70.6% in the third quarter. Quantinno Capital Management LP now owns 6,987 shares of the bank's stock valued at $731,000 after purchasing an additional 2,891 shares in the last quarter. Readystate Asset Management LP raised its stake in BOK Financial by 44.7% in the 3rd quarter. Readystate Asset Management LP now owns 7,512 shares of the bank's stock valued at $786,000 after acquiring an additional 2,321 shares during the period. Point72 DIFC Ltd raised its position in shares of BOK Financial by 206.0% in the third quarter. Point72 DIFC Ltd now owns 4,776 shares of the bank's stock valued at $500,000 after purchasing an additional 3,215 shares during the period. Point72 Asset Management L.P. grew its stake in BOK Financial by 55.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock valued at $14,315,000 after buying an additional 48,874 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOK Financial by 28.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank's stock worth $23,408,000 after buying an additional 48,942 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 59.72% of the company's stock.

Wall Street Analysts Forecast Growth

BOKF has been the topic of a number of research analyst reports. Truist Financial raised BOK Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $112.00 to $123.00 in a report on Friday, September 20th. Stephens cut their price objective on 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. Royal Bank of Canada boosted their price objective on BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. DA Davidson reduced their price target on shares of BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods upped their price target on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $114.40.

BOK Financial Stock Up 0.9 %

NASDAQ BOKF traded up $1.00 during trading hours on Tuesday, reaching $117.56. 53,386 shares of the company's stock traded hands, compared to its average volume of 152,706. The firm has a 50-day simple moving average of $111.77 and a 200 day simple moving average of $102.47. BOK Financial Co. has a 52-week low of $77.86 and a 52-week high of $121.58. The firm has a market cap of $7.54 billion, a PE ratio of 15.86 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.

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, beating analysts' consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period in the prior year, the company posted $2.04 earnings per share. Sell-side analysts anticipate that BOK Financial Co. will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. This is a positive change 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 1.94%. The ex-dividend date was Friday, November 15th. BOK Financial's dividend payout ratio is presently 31.36%.

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.