Rhumbline Advisers decreased its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 43.6% during the third quarter, Holdings Channel reports. The fund owned 28,325 shares of the company’s stock after selling 21,903 shares during the period. Rhumbline Advisers’ holdings in BOK Financial Corporation were worth $1,954,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of BOKF. Sei Investments Co. increased its stake in BOK Financial Corporation by 86.0% in the third quarter. Sei Investments Co. now owns 1,479 shares of the company’s stock worth $102,000 after buying an additional 684 shares during the last quarter. Pacer Advisors Inc. bought a new stake in BOK Financial Corporation during the second quarter worth about $131,000. Legal & General Group Plc increased its stake in BOK Financial Corporation by 16.9% in the second quarter. Legal & General Group Plc now owns 2,773 shares of the company’s stock worth $174,000 after buying an additional 400 shares during the last quarter. Amalgamated Bank bought a new stake in BOK Financial Corporation during the second quarter worth about $206,000. Finally, Hsbc Holdings PLC increased its stake in BOK Financial Corporation by 5.7% in the second quarter. Hsbc Holdings PLC now owns 4,224 shares of the company’s stock worth $264,000 after buying an additional 226 shares during the last quarter. Institutional investors own 36.06% of the company’s stock.
BOK Financial Corporation (NASDAQ:BOKF) traded down 1.68% during mid-day trading on Friday, reaching $83.25. 151,603 shares of the company’s stock traded hands. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 23.58 and a beta of 0.88. The company has a 50-day moving average of $83.02 and a 200-day moving average of $73.24. BOK Financial Corporation has a 52-week low of $46.28 and a 52-week high of $85.00.
BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.20. The company earned $356.23 million during the quarter, compared to the consensus estimate of $368.33 million. BOK Financial Corporation had a net margin of 15.20% and a return on equity of 6.85%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. Equities research analysts expect that BOK Financial Corporation will post $3.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, February 8th. BOK Financial Corporation’s dividend payout ratio (DPR) is presently 49.86%.
A number of equities research analysts have recently issued reports on BOKF shares. Zacks Investment Research downgraded shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Wells Fargo & Company upgraded shares of BOK Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, January 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of BOK Financial Corporation in a research report on Wednesday, October 12th. Wedbush initiated coverage on BOK Financial Corporation in a research report on Thursday, October 6th. They set a “neutral” rating and a $68.00 price objective for the company. Finally, Macquarie upgraded BOK Financial Corporation from an “underperform” rating to a “neutral” rating in a research report on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.50.
In other news, Director C Fred Ball, Jr. sold 1,712 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $70.69, for a total value of $121,021.28. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at $245,082.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Grauer sold 850 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $79.62, for a total transaction of $67,677.00. Following the completion of the transaction, the executive vice president now owns 26,439 shares of the company’s stock, valued at $2,105,073.18. The disclosure for this sale can be found here. Insiders sold 14,636 shares of company stock valued at $1,146,083 over the last quarter. Insiders own 61.30% of the company’s stock.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
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