SG Americas Securities LLC Decreases Holdings in BOK Financial Co. (NASDAQ:BOKF)

SG Americas Securities LLC trimmed its holdings in shares of BOK Financial Co. (NASDAQ:BOKFGet Rating) by 21.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,677 shares of the bank’s stock after selling 1,302 shares during the quarter. SG Americas Securities LLC’s holdings in BOK Financial were worth $439,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd purchased a new stake in shares of BOK Financial during the 4th quarter valued at about $31,000. Geneos Wealth Management Inc. bought a new position in BOK Financial during the 4th quarter valued at about $63,000. First Horizon Advisors Inc. grew its holdings in BOK Financial by 76.9% during the 4th quarter. First Horizon Advisors Inc. now owns 697 shares of the bank’s stock valued at $74,000 after purchasing an additional 303 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in BOK Financial by 1,572.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,040 shares of the bank’s stock valued at $215,000 after purchasing an additional 1,918 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in BOK Financial by 4.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,141 shares of the bank’s stock valued at $226,000 after purchasing an additional 99 shares during the last quarter. 39.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stephens upped their price target on shares of BOK Financial from $85.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Wells Fargo & Company upped their price target on shares of BOK Financial from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Wedbush upped their price target on shares of BOK Financial from $78.00 to $86.00 in a report on Thursday, July 28th. Finally, Truist Financial dropped their target price on shares of BOK Financial from $91.00 to $87.00 in a research note on Wednesday, June 15th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average target price of $96.83.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total transaction of $255,000.00. Following the completion of the sale, the director now owns 73,927 shares of the company’s stock, valued at $6,283,795. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Steven G. Bradshaw sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the sale, the director now owns 74,029 shares of the company’s stock, valued at $6,293,205.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $85.00, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 73,927 shares of the company’s stock, valued at approximately $6,283,795. The disclosure for this sale can be found here. Insiders sold 16,000 shares of company stock valued at $1,345,580 over the last 90 days. Insiders own 56.94% of the company’s stock.

BOK Financial Price Performance

NASDAQ BOKF opened at $88.86 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.66. The firm’s 50 day moving average price is $79.77 and its 200-day moving average price is $89.75. BOK Financial Co. has a 52-week low of $70.21 and a 52-week high of $120.20. The company has a market cap of $6.05 billion, a PE ratio of 12.14 and a beta of 1.39.

BOK Financial (NASDAQ:BOKFGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.53. BOK Financial had a net margin of 27.90% and a return on equity of 9.62%. The firm had revenue of $442.60 million for the quarter, compared to the consensus estimate of $419.97 million. During the same period last year, the firm earned $2.40 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Sell-side analysts forecast that BOK Financial Co. will post 6.87 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Tuesday, August 16th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.39%. BOK Financial’s payout ratio is 28.96%.

BOK Financial Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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