Commonwealth Bank of Australia purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,100 shares of the bank’s stock, valued at approximately $204,000.
Several other institutional investors and hedge funds have also modified their holdings of BOKF. NumerixS Investment Technologies Inc acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $104,000. Bank of Montreal Can acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $120,000. Macquarie Group Ltd. acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $133,000. SG Americas Securities LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $146,000. Finally, MML Investors Services LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $201,000. 34.67% of the stock is owned by institutional investors.
In other news, Director C Fred Ball, Jr. sold 450 shares of BOK Financial stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total transaction of $46,314.00. Following the completion of the sale, the director now owns 3,066 shares of the company’s stock, valued at $315,552.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Fred Ball, Jr. sold 476 shares of BOK Financial stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $103.28, for a total value of $49,161.28. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $370,981.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,946 shares of company stock valued at $181,563 in the last ninety days. Insiders own 60.50% of the company’s stock.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.04. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. The business had revenue of $408.82 million during the quarter, compared to the consensus estimate of $403.09 million. During the same quarter last year, the firm posted $1.31 EPS. On average, sell-side analysts forecast that BOK Financial Co. will post 6.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 12th were issued a dividend of $0.50 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 8th. This represents a $2.00 annualized dividend and a yield of 2.37%. BOK Financial’s dividend payout ratio (DPR) is currently 37.81%.
Several equities research analysts have recently commented on the company. BidaskClub raised BOK Financial from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Wednesday, August 29th. Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 15th. Wells Fargo & Co set a $100.00 price objective on BOK Financial and gave the company a “hold” rating in a report on Tuesday, October 2nd. Finally, ValuEngine raised BOK Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average 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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