Swiss National Bank Sells 700 Shares of BOK Financial Co. (NASDAQ:BOKF)

Swiss National Bank cut its stake in BOK Financial Co. (NASDAQ:BOKFGet Rating) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 72,374 shares of the bank’s stock after selling 700 shares during the period. Swiss National Bank’s holdings in BOK Financial were worth $5,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BOKF. State Street Corp grew its holdings in BOK Financial by 37.0% during the 1st quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock worth $115,711,000 after acquiring an additional 332,904 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BOK Financial by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,602,673 shares of the bank’s stock worth $150,579,000 after acquiring an additional 78,599 shares in the last quarter. Martingale Asset Management L P bought a new position in BOK Financial during the 1st quarter worth about $4,184,000. Verition Fund Management LLC bought a new position in BOK Financial during the 1st quarter worth about $2,490,000. Finally, Goldman Sachs Group Inc. grew its holdings in BOK Financial by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 287,534 shares of the bank’s stock worth $27,013,000 after acquiring an additional 19,388 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of BOK Financial from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Truist Financial increased their price target on shares of BOK Financial from $95.00 to $113.00 in a research report on Monday, October 31st. Royal Bank of Canada increased their price target on shares of BOK Financial from $102.00 to $110.00 in a research report on Thursday, October 27th. Stephens increased their price target on shares of BOK Financial from $95.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. Finally, Wedbush increased their price target on shares of BOK Financial from $90.00 to $100.00 in a research report on Thursday, October 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.29.

Insiders Place Their Bets

In other BOK Financial news, EVP Marc Maun sold 2,012 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $105.47, for a total transaction of $212,205.64. Following the completion of the transaction, the executive vice president now directly owns 18,508 shares of the company’s stock, valued at approximately $1,952,038.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BOK Financial news, EVP Marc Maun sold 2,012 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $105.47, for a total transaction of $212,205.64. Following the completion of the transaction, the executive vice president now directly owns 18,508 shares of the company’s stock, valued at approximately $1,952,038.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Nell sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $109.07, for a total transaction of $218,140.00. Following the transaction, the chief financial officer now directly owns 56,700 shares of the company’s stock, valued at $6,184,269. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,275 shares of company stock valued at $3,645,924. 56.94% of the stock is owned by insiders.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $103.07 on Thursday. The firm has a market capitalization of $6.93 billion, a P/E ratio of 14.94 and a beta of 1.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $98.07 and a 200 day moving average price of $88.81. BOK Financial Co. has a 52 week low of $70.21 and a 52 week high of $120.20.

BOK Financial (NASDAQ:BOKFGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The bank reported $2.32 EPS for the quarter, beating the consensus estimate of $1.99 by $0.33. The firm had revenue of $506.02 million during the quarter, compared to analyst estimates of $459.30 million. BOK Financial had a net margin of 25.70% and a return on equity of 9.63%. BOK Financial’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.74 EPS. Sell-side analysts expect that BOK Financial Co. will post 7.45 EPS for the current year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, November 14th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a yield of 2.10%. BOK Financial’s dividend payout ratio (DPR) is currently 31.30%.

About BOK Financial

(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.

See Also

Want to see what other hedge funds are holding BOKF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BOK Financial Co. (NASDAQ:BOKFGet Rating).

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

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