BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 309.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 44,561 shares of the bank’s stock after acquiring an additional 33,686 shares during the quarter. Jane Street Group LLC owned about 0.07% of BOK Financial worth $4,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial in the second quarter worth about $39,000. KBC Group NV raised its position in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of BOK Financial in the 3rd quarter worth approximately $142,000. Point72 DIFC Ltd bought a new position in shares of BOK Financial in the second quarter valued at approximately $143,000. Finally, nVerses Capital LLC acquired a new position in shares of BOK Financial during the second quarter valued at approximately $147,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

BOK Financial stock opened at $114.35 on Wednesday. The firm’s 50 day simple moving average is $113.49 and its 200-day simple moving average is $103.55. BOK Financial Co. has a fifty-two week low of $77.86 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $7.33 billion, a P/E ratio of 15.73 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter last year, the firm posted $2.04 earnings per share. As a group, equities research analysts predict that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.99%. BOK Financial’s dividend payout ratio is currently 31.36%.

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 56.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BOKF shares. Stephens cut their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson dropped their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $114.40.

About BOK Financial

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.