Swiss National Bank grew its stake in shares of BOK Financial Co. (NASDAQ:BOKF – Get Rating) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,674 shares of the bank’s stock after purchasing an additional 1,000 shares during the quarter. Swiss National Bank owned approximately 0.11% of BOK Financial worth $7,647,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOKF. Public Employees Retirement System of Ohio grew its position in shares of BOK Financial by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 15,988 shares of the bank’s stock worth $1,421,000 after acquiring an additional 106 shares during the last quarter. AMG National Trust Bank grew its position in shares of BOK Financial by 1.2% during the fourth quarter. AMG National Trust Bank now owns 11,318 shares of the bank’s stock worth $1,175,000 after acquiring an additional 132 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of BOK Financial by 4.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 3,227 shares of the bank’s stock worth $287,000 after acquiring an additional 145 shares during the last quarter. Principal Financial Group Inc. grew its position in BOK Financial by 5.1% in the 2nd quarter. Principal Financial Group Inc. now owns 3,130 shares of the bank’s stock valued at $237,000 after buying an additional 151 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in BOK Financial by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 12,594 shares of the bank’s stock valued at $1,119,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 37.21% of the company’s stock.
Insider Transactions at BOK Financial
In other news, CFO Martin E. Grunst purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was acquired at an average price of $77.00 per share, with a total value of $77,000.00. Following the purchase, the chief financial officer now directly owns 31,597 shares of the company’s stock, valued at approximately $2,432,969. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Alan S. Armstrong bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $87.07 per share, with a total value of $130,605.00. Following the purchase, the director now owns 1,500 shares of the company’s stock, valued at approximately $130,605. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin E. Grunst bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average cost of $77.00 per share, with a total value of $77,000.00. Following the purchase, the chief financial officer now directly owns 31,597 shares in the company, valued at approximately $2,432,969. The disclosure for this purchase can be found here. Insiders bought 5,420 shares of company stock valued at $441,655 in the last 90 days. 57.78% of the stock is currently owned by insiders.
BOK Financial Price Performance
BOK Financial (NASDAQ:BOKF – Get Rating) last issued its earnings results on Wednesday, April 26th. The bank reported $2.43 EPS for the quarter, topping the consensus estimate of $2.29 by $0.14. The company had revenue of $522.33 million for the quarter, compared to analyst estimates of $524.74 million. BOK Financial had a net margin of 26.29% and a return on equity of 13.18%. The business’s revenue was up 42.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Analysts forecast that BOK Financial Co. will post 9.19 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, May 12th. BOK Financial’s dividend payout ratio (DPR) is presently 23.43%.
Analyst Ratings Changes
BOKF has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of BOK Financial in a research report on Thursday. They issued a “hold” rating on the stock. SpectralCast reiterated a “maintains” rating on shares of BOK Financial in a research report on Friday, April 28th. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, January 26th. Royal Bank of Canada lowered their price objective on shares of BOK Financial from $104.00 to $95.00 in a research report on Thursday, April 27th. Finally, Truist Financial lowered their price objective on shares of BOK Financial from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, March 23rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.86.
BOK Financial Company Profile
BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customer commodity risk management products for small businesses, middle market, and larger commercial customers.
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