19,202 Shares in BOK Financial Corporation $BOKF Purchased by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in BOK Financial Corporation (NASDAQ:BOKF) during the first quarter, Holdings Channel reports. The fund acquired 19,202 shares of the bank’s stock, valued at approximately $2,459,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in BOK Financial by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock worth $346,843,000 after acquiring an additional 34,833 shares during the last quarter. Cibc World Markets Corp acquired a new stake in BOK Financial in the 4th quarter valued at about $130,994,000. Cibc World Market Inc. lifted its stake in BOK Financial by 39.0% in the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after purchasing an additional 254,800 shares in the last quarter. State Street Corp boosted its holdings in shares of BOK Financial by 5.3% during the 4th quarter. State Street Corp now owns 872,649 shares of the bank’s stock worth $103,374,000 after purchasing an additional 44,068 shares during the last quarter. Finally, Freestone Grove Partners LP grew its position in shares of BOK Financial by 36.3% in the fourth quarter. Freestone Grove Partners LP now owns 495,532 shares of the bank’s stock valued at $58,701,000 after purchasing an additional 131,922 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BOKF. Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Barclays boosted their price objective on BOK Financial from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Citigroup reiterated a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price objective on shares of BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $139.00.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $142.44 on Wednesday. BOK Financial Corporation has a 52 week low of $97.40 and a 52 week high of $143.65. The business’s fifty day simple moving average is $135.06 and its 200-day simple moving average is $131.94. The firm has a market cap of $8.65 billion, a PE ratio of 13.43 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The business had revenue of $589.40 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.19 earnings per share. Equities analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. BOK Financial’s dividend payout ratio is presently 23.75%.

Insider Activity

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Bangert sold 2,100 shares of BOK Financial stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the sale, the director owned 32,816 shares of the company’s stock, valued at approximately $4,422,940.48. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,309 shares of company stock valued at $577,203. 63.53% of the stock is currently owned by insiders.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.