BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in BOK Financial Co. (NASDAQ:BOKF) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,674 shares of the bank’s stock after selling 600 shares during the period. Swiss National Bank owned about 0.09% of BOK Financial worth $5,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial in the 2nd quarter valued at approximately $39,000. Olistico Wealth LLC acquired a new stake in BOK Financial in the second quarter valued at $46,000. Bessemer Group Inc. acquired a new stake in BOK Financial in the first quarter valued at $86,000. KBC Group NV boosted its stake in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in BOK Financial during the 2nd quarter worth $143,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 0.4 %

BOK Financial stock opened at $119.25 on Wednesday. The firm has a 50-day moving average price of $109.03 and a two-hundred day moving average price of $100.75. BOK Financial Co. has a 52-week low of $69.76 and a 52-week high of $121.58. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 16.40 and a beta of 1.17. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last issued 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 business had revenue of $888.50 million during the quarter, compared to analyst estimates 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 EPS. Sell-side analysts expect that BOK Financial Co. will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Wells Fargo & Company lifted their target price on BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Royal Bank of Canada upped their price target on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, DA Davidson dropped their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, BOK Financial has an average rating of “Hold” and an average target price of $112.20.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’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 transaction, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.