Wipfli Financial Advisors LLC Buys Shares of 324 BOK Financial Co. (NASDAQ:BOKF)

Wipfli Financial Advisors LLC bought a new stake in shares of BOK Financial Co. (NASDAQ:BOKF – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 324 shares of the bank’s stock, valued at approximately $29,000.

Several other large investors have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. purchased a new position in shares of BOK Financial during the third quarter valued at approximately $201,000. Transform Wealth LLC raised its stake in shares of BOK Financial by 4.4% during the third quarter. Transform Wealth LLC now owns 2,886 shares of the bank’s stock valued at $256,000 after acquiring an additional 121 shares in the last quarter. Elk River Wealth Management LLC raised its stake in shares of BOK Financial by 22.1% during the third quarter. Elk River Wealth Management LLC now owns 5,295 shares of the bank’s stock valued at $471,000 after acquiring an additional 957 shares in the last quarter. National Bank of Canada FI raised its stake in shares of BOK Financial by 1,048.9% during the third quarter. National Bank of Canada FI now owns 11,857 shares of the bank’s stock valued at $1,078,000 after acquiring an additional 10,825 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of BOK Financial by 32.1% during the second quarter. Captrust Financial Advisors now owns 679 shares of the bank’s stock valued at $51,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 37.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of BOK Financial from $100.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $102.00 to $110.00 in a research note on Thursday, October 27th. DA Davidson reaffirmed a “neutral” rating on shares of BOK Financial in a research report on Wednesday, December 21st. Stephens upped their price target on BOK Financial from $95.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 27th. Finally, Wedbush upped their price target on BOK Financial from $90.00 to $100.00 in a research report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average target price of $110.17.

Insider Buying and Selling at BOK Financial

In other news, CFO Steven E. Nell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $109.07, for a total transaction of $218,140.00. Following the sale, the chief financial officer now owns 56,700 shares in the company, valued at $6,184,269. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Steven E. Nell sold 2,000 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $109.07, for a total value of $218,140.00. Following the completion of the transaction, the chief financial officer now owns 56,700 shares in the company, valued at approximately $6,184,269. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director C Fred Ball, Jr. sold 300 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $103.54, for a total transaction of $31,062.00. Following the completion of the sale, the director now owns 2,025 shares of the company’s stock, valued at approximately $209,668.50. The disclosure for this sale can be found here. Insiders sold 34,575 shares of company stock valued at $3,676,986 in the last ninety days. Company insiders own 56.94% of the company’s stock.

BOK Financial Trading Down 0.5 %

Shares of BOK Financial stock opened at $96.42 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $102.37 and its 200 day moving average price is $94.68. BOK Financial Co. has a twelve month low of $70.21 and a twelve month high of $110.85. The firm has a market capitalization of $6.48 billion, a PE ratio of 13.97 and a beta of 1.27.

BOK Financial (NASDAQ:BOKF – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The bank reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.27. BOK Financial had a net margin of 25.70% and a return on equity of 9.63%. The business had revenue of $506.02 million during the quarter, compared to analysts’ expectations of $459.30 million. During the same period in the previous year, the company earned $2.74 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts predict that BOK Financial Co. will post 7.49 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Tuesday, November 15th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.24%. This is an increase from BOK Financial’s previous quarterly dividend of $0.53. BOK Financial’s payout ratio is presently 31.30%.

BOK Financial Profile

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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.