BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,674 shares of the bank’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in BOK Financial were worth $5,929,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial in the 2nd quarter valued at $39,000. Olistico Wealth LLC purchased a new stake in BOK Financial during the second quarter valued at about $46,000. KBC Group NV boosted its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares during the period. Bessemer Group Inc. acquired a new stake in shares of BOK Financial during the first quarter valued at approximately $86,000. Finally, CWM LLC raised its holdings in shares of BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after acquiring an additional 989 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Performance

BOKF stock opened at $119.25 on Wednesday. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 16.40 and a beta of 1.17. The firm has a 50 day moving average of $109.03 and a two-hundred day moving average of $100.75. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a 12 month low of $69.76 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period last year, the company earned $2.04 earnings per share. As a group, equities analysts anticipate that BOK Financial Co. will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 1.91%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is presently 31.36%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Stephens lowered their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Royal Bank of Canada increased their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.20.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

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.