Reinhart Partners Inc. lowered its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,010 shares of the bank’s stock after selling 1,398 shares during the period. BOK Financial comprises 2.0% of Reinhart Partners Inc.’s portfolio, making the stock its 22nd largest holding. Reinhart Partners Inc. owned approximately 0.38% of BOK Financial worth $21,451,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of BOKF. First Trust Advisors LP increased its holdings in BOK Financial by 79.5% in the third quarter. First Trust Advisors LP now owns 198,979 shares of the bank’s stock worth $15,749,000 after purchasing an additional 88,117 shares in the last quarter. Abacus Planning Group Inc. boosted its holdings in shares of BOK Financial by 2.9% in the 3rd quarter. Abacus Planning Group Inc. now owns 17,792 shares of the bank’s stock worth $1,408,000 after purchasing an additional 502 shares in the last quarter. Creative Planning purchased a new position in shares of BOK Financial in the 3rd quarter worth about $290,000. BB&T Corp boosted its holdings in shares of BOK Financial by 1.2% in the 3rd quarter. BB&T Corp now owns 23,144 shares of the bank’s stock worth $1,832,000 after purchasing an additional 269 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of BOK Financial by 34.2% in the 3rd quarter. California Public Employees Retirement System now owns 69,506 shares of the bank’s stock worth $5,501,000 after purchasing an additional 17,707 shares in the last quarter. Hedge funds and other institutional investors own 40.02% of the company’s stock.
Shares of NASDAQ:BOKF traded down $1.13 during trading on Friday, hitting $82.65. The stock had a trading volume of 108,100 shares, compared to its average volume of 166,832. The company has a market capitalization of $5.89 billion, a PE ratio of 12.19, a PEG ratio of 1.87 and a beta of 1.26. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.47. The firm’s fifty day moving average is $78.27 and its 200 day moving average is $78.78. BOK Financial Co. has a 12 month low of $69.96 and a 12 month high of $93.72.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.04 annualized dividend and a yield of 2.47%. BOK Financial’s payout ratio is 29.50%.
BOKF has been the subject of several analyst reports. ValuEngine cut BOK Financial from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Morgan Stanley decreased their target price on BOK Financial from $89.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Stephens lowered BOK Financial from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $87.00 to $88.00 in a research report on Thursday, July 25th. SunTrust Banks set a $82.00 target price on BOK Financial and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, TheStreet lowered BOK Financial from a “b” rating to a “c” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. BOK Financial currently has a consensus rating of “Hold” and an average price target of $88.86.
In other BOK Financial news, Director Steven Bangert sold 8,889 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $77.23, for a total transaction of $686,497.47. Following the sale, the director now directly owns 147,416 shares of the company’s stock, valued at $11,384,937.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 54.90% of the stock is currently owned by insiders.
BOK Financial Company 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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