BOK Financial Corporation $BOKF Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 14.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,229 shares of the bank’s stock after selling 4,034 shares during the period. Envestnet Asset Management Inc.’s holdings in BOK Financial were worth $2,589,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of BOK Financial during the 2nd quarter worth $24,764,000. First Trust Advisors LP lifted its holdings in shares of BOK Financial by 94.8% during the second quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock valued at $36,845,000 after purchasing an additional 183,668 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of BOK Financial by 193.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after purchasing an additional 149,201 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in BOK Financial in the 2nd quarter worth about $6,912,000. Finally, Treasurer of the State of North Carolina raised its holdings in BOK Financial by 88.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,962 shares of the bank’s stock worth $10,150,000 after buying an additional 48,664 shares during the period. Institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on BOKF shares. Piper Sandler set a $135.00 target price on shares of BOK Financial in a report on Wednesday, January 21st. Wells Fargo & Company raised their price objective on shares of BOK Financial from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, January 21st. DA Davidson restated a “neutral” rating and issued a $135.00 target price (up from $125.00) on shares of BOK Financial in a report on Monday, January 26th. Finally, Citigroup raised their target price on BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $129.33.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 1,300 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total transaction of $179,283.00. Following the completion of the sale, the director directly owned 10,936 shares of the company’s stock, valued at approximately $1,508,183.76. This represents a 10.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 4,800 shares of company stock valued at $638,448 in the last ninety days. 56.94% of the stock is currently owned by insiders.

BOK Financial Trading Up 0.4%

BOK Financial stock opened at $130.87 on Friday. BOK Financial Corporation has a one year low of $85.07 and a one year high of $138.42. The company’s fifty day moving average price is $128.10 and its two-hundred day moving average price is $116.62. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 14.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.The business had revenue of $589.56 million for the quarter, compared to analyst estimates of $550.05 million. During the same quarter in the prior year, the firm posted $2.12 EPS. On average, analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. BOK Financial’s dividend payout ratio (DPR) is currently 27.51%.

BOK Financial Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.