Swiss National Bank boosted its holdings in BOK Financial Co. (NASDAQ:BOKF) by 30.8% in the third quarter, Holdings Channel reports. The institutional investor owned 52,174 shares of the bank’s stock after acquiring an additional 12,274 shares during the period. Swiss National Bank’s holdings in BOK Financial were worth $5,075,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. NumerixS Investment Technologies Inc purchased a new stake in shares of BOK Financial during the 2nd quarter valued at about $104,000. Bank of Montreal Can purchased a new stake in shares of BOK Financial during the 2nd quarter valued at about $120,000. Macquarie Group Ltd. purchased a new stake in shares of BOK Financial during the 2nd quarter valued at about $133,000. SG Americas Securities LLC purchased a new stake in shares of BOK Financial during the 3rd quarter valued at about $146,000. Finally, MML Investors Services LLC purchased a new stake in shares of BOK Financial during the 3rd quarter valued at about $201,000. 36.37% of the stock is owned by institutional investors and hedge funds.
In other BOK Financial news, Director C Fred Ball, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the completion of the transaction, the director now directly owns 3,066 shares in the company, valued at approximately $315,552.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Bangert sold 1,020 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $84.40, for a total value of $86,088.00. Following the completion of the transaction, the director now owns 170,211 shares of the company’s stock, valued at $14,365,808.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,946 shares of company stock valued at $181,563. 60.50% of the stock is currently owned by corporate insiders.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.04. The company had revenue of $408.82 million during the quarter, compared to the consensus estimate of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same period in the previous year, the company posted $1.31 EPS. On average, sell-side analysts expect that BOK Financial Co. will post 6.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 8th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.37%. BOK Financial’s payout ratio is 37.81%.
Several research firms have recently commented on BOKF. BidaskClub raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research raised shares of BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, August 29th. Raymond James raised shares of BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Wells Fargo & Co set a $100.00 price target on shares of BOK Financial and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $105.79.
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BOK Financial 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.
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