Great West Life Assurance Co. Can Has $171,000 Position in BOK Financial Corp. (BOKF)
Great West Life Assurance Co. Can held its stake in BOK Financial Corp. (NASDAQ:BOKF) during the second quarter, Holdings Channel reports. The firm owned 3,141 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in BOK Financial Corp. were worth $171,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in BOK Financial Corp. by 3.1% in the first quarter. Legal & General Group Plc now owns 2,373 shares of the company’s stock worth $130,000 after buying an additional 72 shares during the period. FirstMerit Bank N A Trustee boosted its stake in BOK Financial Corp. by 20.6% in the second quarter. FirstMerit Bank N A Trustee now owns 5,359 shares of the company’s stock worth $336,000 after buying an additional 917 shares during the period. UBS Group AG boosted its stake in BOK Financial Corp. by 55.6% in the first quarter. UBS Group AG now owns 4,283 shares of the company’s stock worth $234,000 after buying an additional 1,530 shares during the period. BlackRock Group LTD boosted its stake in BOK Financial Corp. by 24.1% in the first quarter. BlackRock Group LTD now owns 15,772 shares of the company’s stock worth $861,000 after buying an additional 3,068 shares during the period. Finally, Denali Advisors LLC boosted its stake in BOK Financial Corp. by 13.1% in the second quarter. Denali Advisors LLC now owns 30,200 shares of the company’s stock worth $1,894,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 36.67% of the company’s stock.
BOK Financial Corp. (NASDAQ:BOKF) traded up 0.54% during mid-day trading on Monday, hitting $66.95. The stock had a trading volume of 120,194 shares. The company’s 50 day moving average is $67.35 and its 200-day moving average is $61.26. BOK Financial Corp. has a 52 week low of $44.13 and a 52 week high of $75.18. The stock has a market capitalization of $4.41 billion, a P/E ratio of 18.47 and a beta of 0.86.
BOK Financial Corp. (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. BOK Financial Corp. had a return on equity of 7.23% and a net margin of 16.55%. During the same period in the previous year, the company earned $1.15 EPS. On average, analysts expect that BOK Financial Corp. will post $3.87 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a $0.43 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.72 annualized dividend and a yield of 2.57%. BOK Financial Corp.’s dividend payout ratio is currently 47.51%.
A number of research firms recently weighed in on BOKF. RBC Capital Markets restated a “sector perform” rating and issued a $68.00 price target (up previously from $61.00) on shares of BOK Financial Corp. in a research note on Thursday, July 28th. Citigroup Inc. cut BOK Financial Corp. to a “market perform” rating in a research report on Thursday, July 28th. Zacks Investment Research cut BOK Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Raymond James Financial Inc. reiterated a “market perform” rating on shares of BOK Financial Corp. in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods increased their price objective on BOK Financial Corp. from $58.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. BOK Financial Corp. currently has an average rating of “Hold” and a consensus price target of $65.75.
In other BOK Financial Corp. news, EVP Scott Grauer sold 1,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $67.16, for a total value of $67,160.00. Following the sale, the executive vice president now directly owns 26,639 shares in the company, valued at $1,789,075.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director C Fred Ball, Jr. sold 937 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $67.20, for a total value of $62,966.40. Following the completion of the sale, the director now owns 6,305 shares in the company, valued at $423,696. The disclosure for this sale can be found here. 61.30% of the stock is owned by company insiders.
About BOK Financial Corp.
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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