Vanguard Group Inc. Decreases Holdings in BOK Financial Co. (NASDAQ:BOKF)

Vanguard Group Inc. cut its stake in shares of BOK Financial Co. (NASDAQ:BOKFFree Report) by 0.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,748,753 shares of the bank’s stock after selling 3,390 shares during the quarter. Vanguard Group Inc.’s holdings in BOK Financial were worth $219,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd raised its holdings in BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after purchasing an additional 214 shares during the period. Comerica Bank bought a new position in BOK Financial in the 3rd quarter worth $28,000. VisionPoint Advisory Group LLC raised its holdings in BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares during the period. Quarry LP raised its holdings in BOK Financial by 736.7% during the first quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after acquiring an additional 361 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new stake in BOK Financial during the fourth quarter valued at about $43,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BOKF shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $94.00 price target on shares of BOK Financial in a report on Wednesday. Stephens raised their price target on BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Citigroup raised their price target on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada raised their price target on BOK Financial from $89.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Finally, StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.00.

View Our Latest Analysis on BOKF

BOK Financial Trading Up 1.0 %

Shares of BOKF stock opened at $92.00 on Friday. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $92.41. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The stock’s 50-day moving average price is $85.35 and its 200-day moving average price is $80.21. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 11.50 and a beta of 1.20.

BOK Financial (NASDAQ:BOKFGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.49). The company had revenue of $843.21 million during the quarter, compared to analysts’ expectations of $485.87 million. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. During the same quarter in the prior year, the business posted $2.51 EPS. Equities research analysts predict that BOK Financial Co. will post 7.59 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.39%. BOK Financial’s dividend payout ratio is currently 27.50%.

About BOK Financial

(Free Report)

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.

Further Reading

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:BOKFFree Report).

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

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