SG Americas Securities LLC Decreases Holdings in BOK Financial Co. (NASDAQ:BOKF)

SG Americas Securities LLC lowered its position in shares of BOK Financial Co. (NASDAQ:BOKFGet Rating) by 21.8% during the first quarter, HoldingsChannel reports. The firm owned 4,677 shares of the bank’s stock after selling 1,302 shares during the period. SG Americas Securities LLC’s holdings in BOK Financial were worth $439,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP grew its stake in BOK Financial by 10.7% during the 4th quarter. First Trust Advisors LP now owns 246,763 shares of the bank’s stock valued at $26,031,000 after purchasing an additional 23,872 shares in the last quarter. Barclays PLC raised its holdings in shares of BOK Financial by 76.8% during the fourth quarter. Barclays PLC now owns 54,863 shares of the bank’s stock worth $5,787,000 after purchasing an additional 23,831 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in shares of BOK Financial by 3.3% in the 4th quarter. Virginia Retirement Systems ET AL now owns 9,500 shares of the bank’s stock valued at $1,002,000 after buying an additional 300 shares during the period. Ariel Investments LLC grew its holdings in shares of BOK Financial by 0.6% during the fourth quarter. Ariel Investments LLC now owns 3,306,709 shares of the bank’s stock valued at $348,825,000 after purchasing an additional 18,140 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of BOK Financial during the 4th quarter worth approximately $1,681,000. 39.12% of the stock is owned by institutional investors and hedge funds.

BOK Financial Trading Up 1.6 %

Shares of NASDAQ:BOKF opened at $88.86 on Friday. BOK Financial Co. has a twelve month low of $70.21 and a twelve month high of $120.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6.05 billion, a P/E ratio of 12.14 and a beta of 1.39. The company has a 50 day moving average of $79.77 and a 200-day moving average of $89.75.

BOK Financial (NASDAQ:BOKFGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.53. BOK Financial had a return on equity of 9.62% and a net margin of 27.90%. The firm had revenue of $442.60 million during the quarter, compared to analyst estimates of $419.97 million. During the same period last year, the company posted $2.40 EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts anticipate that BOK Financial Co. will post 6.87 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.39%. BOK Financial’s dividend payout ratio (DPR) is 28.96%.

Insider Transactions at BOK Financial

In related news, Director Steven G. Bradshaw sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the sale, the director now directly owns 74,029 shares in the company, valued at $6,293,205.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Steven G. Bradshaw sold 10,000 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the sale, the director now owns 74,029 shares in the company, valued at approximately $6,293,205.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Friday, July 29th. The stock was sold at an average price of $85.00, for a total value of $255,000.00. Following the completion of the transaction, the director now owns 73,927 shares in the company, valued at $6,283,795. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock valued at $1,345,580 in the last quarter. Insiders own 56.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOKF. Wells Fargo & Company upped their price objective on BOK Financial from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Wedbush lifted their price objective on shares of BOK Financial from $78.00 to $86.00 in a research report on Thursday, July 28th. Truist Financial dropped their price target on shares of BOK Financial from $91.00 to $87.00 in a research note on Wednesday, June 15th. Finally, Stephens boosted their price objective on BOK Financial from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $96.83.

BOK Financial Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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