BOK Financial Corporation (NASDAQ:BOKF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in BOK Financial Corporation (NASDAQ:BOKF) by 13.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,968 shares of the bank’s stock after selling 1,248 shares during the period. SG Americas Securities LLC’s holdings in BOK Financial were worth $830,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BOKF. Venturi Wealth Management LLC grew its holdings in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its position in BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after buying an additional 107 shares during the last quarter. True Wealth Design LLC raised its position in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock worth $30,000 after buying an additional 113 shares during the last quarter. US Bancorp DE raised its position in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after buying an additional 121 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of BOK Financial by 7.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank’s stock valued at $349,000 after purchasing an additional 218 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

Shares of BOKF opened at $92.54 on Friday. BOK Financial Corporation has a 1 year low of $85.08 and a 1 year high of $121.58. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 10.64 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a fifty day moving average of $93.81 and a 200-day moving average of $102.63.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). The company had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, equities analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.46%. BOK Financial’s dividend payout ratio (DPR) is 26.21%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BOKF shares. Wall Street Zen downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank Of Canada decreased their target price on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group initiated coverage on shares of BOK Financial in a report on Wednesday, May 21st. They issued a “hold” rating and a $105.00 price target on the stock. Hovde Group cut their price target on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays dropped their price objective on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.00.

BOK Financial 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.