Martin & Co. Inc. TN Sells 580 Shares of BOK Financial Co. (NASDAQ:BOKF)

Martin & Co. Inc. TN trimmed its stake in BOK Financial Co. (NASDAQ:BOKF) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,622 shares of the bank’s stock after selling 580 shares during the period. Martin & Co. Inc. TN’s holdings in BOK Financial were worth $1,504,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BOKF. Schonfeld Strategic Advisors LLC grew its stake in BOK Financial by 11,085.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock worth $37,150,000 after purchasing an additional 354,733 shares during the period. State Street Corp boosted its holdings in shares of BOK Financial by 37.0% during the 1st quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock valued at $115,711,000 after buying an additional 332,904 shares in the last quarter. Norges Bank purchased a new stake in shares of BOK Financial in the 4th quarter worth about $30,754,000. Millennium Management LLC increased its stake in shares of BOK Financial by 75.3% in the 4th quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock worth $60,975,000 after acquiring an additional 252,346 shares in the last quarter. Finally, Cibc World Markets Corp lifted its position in BOK Financial by 12.7% during the 1st quarter. Cibc World Markets Corp now owns 1,179,958 shares of the bank’s stock valued at $99,600,000 after acquiring an additional 132,620 shares during the period. Institutional investors own 35.67% of the company’s stock.

BOK Financial Trading Down 1.7 %

BOK Financial stock opened at $72.53 on Tuesday. BOK Financial Co. has a one year low of $62.42 and a one year high of $106.47. The business’s fifty day moving average is $74.79 and its 200 day moving average is $81.06. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $4.76 billion, a PE ratio of 7.84 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.08). BOK Financial had a net margin of 20.99% and a return on equity of 12.81%. The company had revenue of $815.20 million for the quarter, compared to analysts’ expectations of $517.37 million. During the same period in the previous year, the business earned $2.32 EPS. On average, sell-side analysts predict that BOK Financial Co. will post 8.48 EPS for the current year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, November 14th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.20 dividend on an annualized basis and a yield of 3.03%. BOK Financial’s payout ratio is currently 23.78%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BOKF. Wells Fargo & Company downgraded shares of BOK Financial from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $90.00 to $70.00 in a research note on Thursday, October 26th. Wedbush reiterated a “neutral” rating and set a $92.00 price objective on shares of BOK Financial in a research note on Thursday, July 27th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Royal Bank of Canada reduced their price target on BOK Financial from $90.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Finally, DA Davidson dropped their price target on shares of BOK Financial from $99.00 to $96.00 and set a “neutral” rating on the stock in a research note on Friday, September 1st. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.43.

Insider Activity

In other news, Director Douglas D. Hawthorne acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of $69.74 per share, with a total value of $69,740.00. Following the completion of the acquisition, the director now directly owns 6,907 shares of the company’s stock, valued at approximately $481,694.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 56.94% of the company’s stock.

BOK Financial Company 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.