Schwab Charles Investment Management Inc. increased its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 7.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 94,319 shares of the bank’s stock after buying an additional 6,529 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.14% of BOK Financial Corporation worth $7,383,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in BOKF. Norges Bank bought a new stake in shares of BOK Financial Corporation during the fourth quarter valued at approximately $17,717,000. Teachers Advisors LLC boosted its stake in shares of BOK Financial Corporation by 5.8% in the fourth quarter. Teachers Advisors LLC now owns 27,329 shares of the bank’s stock valued at $2,269,000 after buying an additional 1,500 shares during the last quarter. Huntington National Bank boosted its stake in shares of BOK Financial Corporation by 13.7% in the first quarter. Huntington National Bank now owns 6,481 shares of the bank’s stock valued at $507,000 after buying an additional 781 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of BOK Financial Corporation by 5.3% in the first quarter. ProShare Advisors LLC now owns 3,763 shares of the bank’s stock valued at $295,000 after buying an additional 189 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of BOK Financial Corporation by 177.5% in the first quarter. Russell Investments Group Ltd. now owns 66,694 shares of the bank’s stock valued at $5,220,000 after buying an additional 42,658 shares during the last quarter. Institutional investors and hedge funds own 32.51% of the company’s stock.
BOK Financial Corporation (NASDAQ BOKF) opened at 79.46 on Friday. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 17.35 and a beta of 0.99. The stock’s 50 day moving average price is $84.30 and its 200-day moving average price is $82.05. BOK Financial Corporation has a 12 month low of $65.36 and a 12 month high of $88.80.
BOK Financial Corporation (NASDAQ:BOKF) last released its earnings results on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $387.46 million for the quarter, compared to the consensus estimate of $384.52 million. During the same period in the previous year, the company posted $1.00 earnings per share. Equities analysts anticipate that BOK Financial Corporation will post $5.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, August 9th. BOK Financial Corporation’s dividend payout ratio (DPR) is 38.34%.
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Several analysts recently commented on BOKF shares. Stephens upgraded BOK Financial Corporation from an “equal weight” rating to an “overweight” rating in a report on Wednesday, April 26th. Royal Bank Of Canada restated a “hold” rating on shares of BOK Financial Corporation in a report on Thursday, April 27th. Wedbush increased their price target on BOK Financial Corporation from $79.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, April 27th. Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a report on Tuesday, May 2nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $81.00 price target (up from $80.00) on shares of BOK Financial Corporation in a report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus 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 business’s stock in a transaction 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 sale, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at $1,937,777.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen D. Grossi sold 550 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the transaction, the executive vice president now owns 12,601 shares of the company’s stock, valued at approximately $1,028,493.62. The disclosure for this sale can be found here. Insiders sold 5,300 shares of company stock worth $441,751 over the last three months. Corporate insiders own 62.00% of the company’s stock.
BOK Financial Corporation Company Profile
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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