BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in BOK Financial Co. (NASDAQ:BOKF) by 10.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 405,542 shares of the bank’s stock after selling 46,535 shares during the quarter. Geode Capital Management LLC owned approximately 0.63% of BOK Financial worth $42,438,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after acquiring an additional 125,950 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after purchasing an additional 48,942 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after purchasing an additional 48,874 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after buying an additional 9,863 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BOKF. Stephens reduced their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Finally, Royal Bank of Canada upped their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $114.40.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 56.94% of the stock is currently owned by insiders.

BOK Financial Stock Down 0.7 %

Shares of NASDAQ:BOKF opened at $108.89 on Tuesday. The stock has a 50-day simple moving average of $113.67 and a 200-day simple moving average of $103.97. The stock has a market capitalization of $6.98 billion, a P/E ratio of 14.98 and a beta of 1.18. BOK Financial Co. has a 1 year low of $77.86 and a 1 year high of $121.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the firm earned $2.04 earnings per share. Equities analysts forecast that BOK Financial Co. will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 2.09%. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

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.