BOK Financial Corporation $BOKF Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 50.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,757 shares of the bank’s stock after acquiring an additional 5,650 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in BOK Financial were worth $1,636,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of BOK Financial in the first quarter valued at approximately $47,000. Sprucegrove Investment Management Ltd. acquired a new position in BOK Financial during the second quarter worth $127,000. GAMMA Investing LLC grew its holdings in BOK Financial by 203.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,494 shares of the bank’s stock valued at $146,000 after buying an additional 1,001 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of BOK Financial in the 1st quarter worth $159,000. Finally, EntryPoint Capital LLC purchased a new position in shares of BOK Financial during the 1st quarter worth $225,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Down 0.1%

BOK Financial stock opened at $107.56 on Monday. The stock has a market cap of $6.80 billion, a PE ratio of 12.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The stock’s fifty day moving average is $109.58 and its two-hundred day moving average is $103.73. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58.

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

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, November 12th. This represents a $2.52 annualized dividend and a dividend yield of 2.3%. This is a boost from BOK Financial’s previous quarterly dividend of $0.57. BOK Financial’s payout ratio is presently 30.04%.

Insider Activity

In related news, Director Steven Bangert sold 1,500 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. Following the transaction, the director directly owned 38,416 shares of the company’s stock, valued at $4,083,236.64. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 56.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BOKF. Wells Fargo & Company cut their price objective on shares of BOK Financial from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Hovde Group boosted their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays upgraded BOK Financial to a “hold” rating in a research report on Wednesday, October 8th. DA Davidson raised their target price on BOK Financial from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded BOK Financial from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.55.

BOK Financial Company 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.