George Kaiser Family Foundation cut its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 21.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,140,978 shares of the bank’s stock after selling 569,540 shares during the period. BOK Financial Corporation accounts for 82.6% of George Kaiser Family Foundation’s holdings, making the stock its largest position. George Kaiser Family Foundation’s holdings in BOK Financial Corporation were worth $180,120,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of BOK Financial Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock valued at $189,696,000 after buying an additional 337,132 shares during the period. Norges Bank purchased a new stake in shares of BOK Financial Corporation during the fourth quarter valued at $17,717,000. Aristotle Capital Management LLC boosted its stake in shares of BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock valued at $147,109,000 after buying an additional 103,196 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock valued at $141,640,000 after buying an additional 87,853 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of BOK Financial Corporation during the first quarter valued at $6,586,000. 32.72% of the stock is currently owned by hedge funds and other institutional investors.
BOK Financial Corporation (NASDAQ:BOKF) opened at 81.17 on Friday. The firm has a 50-day moving average of $84.52 and a 200 day moving average of $82.15. BOK Financial Corporation has a 52 week low of $65.36 and a 52 week high of $88.80. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.72 and a beta of 0.99.
BOK Financial Corporation (NASDAQ:BOKF) last announced its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. The company had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. During the same period in the prior year, the company posted $1.00 EPS. On average, analysts anticipate that BOK Financial Corporation will post $5.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, August 9th. BOK Financial Corporation’s payout ratio is 38.34%.
BOKF has been the topic of several analyst reports. ValuEngine raised shares of BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of BOK Financial Corporation in a report on Thursday, April 27th. Stephens reaffirmed a “buy” rating and issued a $95.00 target price on shares of BOK Financial Corporation in a report on Tuesday, June 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $81.00 target price (up previously from $80.00) on shares of BOK Financial Corporation in a report on Saturday, June 3rd. Finally, BidaskClub cut shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.67.
In other BOK Financial Corporation news, EVP Scott Grauer sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $80.96, for a total value of $141,680.00. Following the transaction, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at approximately $1,937,777.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stacy Kymes sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the transaction, the executive vice president now directly owns 29,627 shares in the company, valued at $2,520,072.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,062 shares of company stock worth $832,497. 62.00% of the stock is currently owned by corporate insiders.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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