Reinhart Partners LLC. Sells 43,296 Shares of BOK Financial Co. (NASDAQ:BOKF)

Reinhart Partners LLC. lessened its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 35.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,596 shares of the bank's stock after selling 43,296 shares during the period. Reinhart Partners LLC. owned about 0.12% of BOK Financial worth $8,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock worth $933,000 after buying an additional 147 shares during the last quarter. XTX Topco Ltd raised its position in shares of BOK Financial by 9.6% in the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank's stock worth $412,000 after acquiring an additional 346 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of BOK Financial by 309.8% in the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock valued at $4,662,000 after purchasing an additional 33,686 shares during the period. SageView Advisory Group LLC bought a new stake in shares of BOK Financial during the 3rd quarter valued at about $200,000. Finally, Quadrature Capital Ltd acquired a new stake in BOK Financial during the third quarter worth approximately $472,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Up 2.0 %

Shares of NASDAQ:BOKF traded up $2.05 during mid-day trading on Monday, hitting $106.55. 90,019 shares of the company traded hands, compared to its average volume of 122,774. The stock has a 50-day moving average price of $113.40 and a two-hundred day moving average price of $106.12. BOK Financial Co. has a 12-month low of $77.86 and a 12-month high of $121.58. The stock has a market cap of $6.83 billion, a P/E ratio of 14.66 and a beta of 1.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same period in the previous year, the firm earned $2.04 EPS. On average, equities research analysts forecast that BOK Financial Co. will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 2.14%. BOK Financial's dividend payout ratio (DPR) is 31.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BOKF shares. Wells Fargo & Company increased their price target on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. 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 report on Wednesday, October 23rd. Royal Bank of Canada lifted 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 note on Wednesday, October 23rd. Stephens cut their price objective on shares of BOK Financial from $116.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial raised BOK Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $114.40.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company's stock, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 56.94% of the company's stock.

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.