SG Americas Securities LLC increased its holdings in BOK Financial Co. (NASDAQ:BOKF – Free Report) by 29.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,609 shares of the bank’s stock after buying an additional 1,266 shares during the quarter. SG Americas Securities LLC’s holdings in BOK Financial were worth $480,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in BOKF. Schonfeld Strategic Advisors LLC raised its position in BOK Financial by 11,085.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock worth $37,150,000 after purchasing an additional 354,733 shares in the last quarter. State Street Corp grew its stake in BOK Financial by 37.0% during the first quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock worth $115,711,000 after buying an additional 332,904 shares during the last quarter. Norges Bank bought a new stake in BOK Financial during the fourth quarter worth about $30,754,000. Millennium Management LLC grew its stake in BOK Financial by 75.3% during the fourth quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock worth $60,975,000 after buying an additional 252,346 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in BOK Financial by 87.0% during the second quarter. Point72 Asset Management L.P. now owns 151,301 shares of the bank’s stock worth $12,222,000 after buying an additional 70,404 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on BOKF. StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Truist Financial raised their price objective on shares of BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday. Royal Bank of Canada raised their target price on shares of BOK Financial from $89.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, January 25th. Finally, Stephens lifted their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $93.33.
Read Our Latest Research Report on BOKF
BOK Financial Stock Performance
Shares of BOKF stock opened at $89.85 on Friday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 11.23 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50-day simple moving average of $85.89 and a 200 day simple moving average of $80.47. BOK Financial Co. has a 52 week low of $62.42 and a 52 week high of $92.75.
BOK Financial (NASDAQ:BOKF – Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The business had revenue of $843.21 million during the quarter, compared to analyst estimates of $485.87 million. During the same quarter last year, the firm earned $2.51 EPS. On average, sell-side analysts predict that BOK Financial Co. will post 7.58 earnings per share for the current year.
BOK Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is 27.50%.
Insiders Place Their Bets
In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 56.94% of the company’s stock.
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.
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