Edgestream Partners L.P. Decreases Stock Holdings in BOK Financial Corporation $BOKF

Edgestream Partners L.P. reduced its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 67.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,090 shares of the bank’s stock after selling 31,431 shares during the quarter. Edgestream Partners L.P.’s holdings in BOK Financial were worth $1,473,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank’s stock valued at $256,531,000 after buying an additional 90,948 shares during the last quarter. Ariel Investments LLC lifted its holdings in BOK Financial by 0.3% during the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank’s stock valued at $188,334,000 after purchasing an additional 5,614 shares during the last quarter. AQR Capital Management LLC lifted its holdings in BOK Financial by 39.8% during the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock valued at $59,446,000 after purchasing an additional 165,184 shares during the last quarter. Geode Capital Management LLC boosted its position in BOK Financial by 0.7% during the second quarter. Geode Capital Management LLC now owns 440,071 shares of the bank’s stock worth $42,970,000 after purchasing an additional 3,155 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of BOK Financial by 13.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 269,292 shares of the bank’s stock worth $27,314,000 after purchasing an additional 32,460 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Price Performance

NASDAQ:BOKF opened at $115.98 on Friday. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 13.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average of $109.62 and a 200 day moving average of $105.21. BOK Financial Corporation has a 52-week low of $85.07 and a 52-week high of $119.10.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. BOK Financial had a return on equity of 9.24% and a net margin of 15.98%.The firm had revenue of $298.49 million during the quarter. On average, research analysts expect that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.52 annualized dividend and a dividend yield of 2.2%. This is an increase from BOK Financial’s previous quarterly dividend of $0.57. BOK Financial’s payout ratio is 30.04%.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $114.89, for a total transaction of $114,890.00. Following the transaction, the director directly owned 37,416 shares of the company’s stock, valued at approximately $4,298,724.24. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 3,500 shares of company stock worth $380,395 in the last ninety days. Corporate insiders own 56.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BOKF. Barclays upgraded shares of BOK Financial to a “hold” rating in a research note on Wednesday, October 8th. Jefferies Financial Group set a $135.00 target price on BOK Financial and gave the stock a “buy” rating in a research report on Wednesday, October 8th. DA Davidson lifted their price target on BOK Financial from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, October 8th. Finally, Credit Suisse Group set a $116.00 target price on BOK Financial in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.