Bank of New York Mellon Corp Has $18.29 Million Position in BOK Financial Corporation $BOKF

Bank of New York Mellon Corp raised its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,316 shares of the bank’s stock after purchasing an additional 9,581 shares during the quarter. Bank of New York Mellon Corp owned 0.29% of BOK Financial worth $18,288,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of BOK Financial by 25.1% in the first quarter. Northern Trust Corp now owns 182,347 shares of the bank’s stock worth $18,991,000 after purchasing an additional 36,630 shares during the last quarter. Wolverine Asset Management LLC raised its position in BOK Financial by 29.0% in the 1st quarter. Wolverine Asset Management LLC now owns 24,840 shares of the bank’s stock valued at $2,587,000 after buying an additional 5,584 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in BOK Financial by 44.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,983 shares of the bank’s stock valued at $391,000 after acquiring an additional 1,220 shares in the last quarter. Dark Forest Capital Management LP lifted its stake in BOK Financial by 1,589.4% during the 1st quarter. Dark Forest Capital Management LP now owns 32,402 shares of the bank’s stock valued at $3,375,000 after acquiring an additional 30,484 shares in the last quarter. Finally, Nuveen LLC bought a new position in BOK Financial during the 1st quarter valued at $4,613,000. 34.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOKF. Credit Suisse Group set a $116.00 target price on shares of BOK Financial in a report on Wednesday, October 22nd. Hovde Group upped their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada lifted their target price on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, October 8th. Finally, DA Davidson lifted their price target on BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.55.

BOK Financial Trading Down 0.1%

Shares of BOKF stock opened at $107.56 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. The firm has a market cap of $6.80 billion, a P/E ratio of 12.82 and a beta of 0.93. The company has a 50 day moving average of $109.58 and a 200-day moving average of $103.73. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The business had revenue of $298.49 million during the quarter. BOK Financial had a return on equity of 9.35% and a net margin of 15.98%. Sell-side analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $0.63 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $2.52 dividend on an annualized basis and a yield of 2.3%. This is an increase from BOK Financial’s previous quarterly dividend of $0.57. BOK Financial’s dividend payout ratio (DPR) is presently 30.04%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $106.07, for a total transaction of $106,070.00. Following the completion of the transaction, the director owned 12,236 shares in the company, valued at $1,297,872.52. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 56.94% of the stock is currently owned by company insiders.

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.