Swiss National Bank Cuts Position in BOK Financial Corp. (BOKF)
Swiss National Bank cut its position in shares of BOK Financial Corp. (NASDAQ:BOKF) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,700 shares of the company’s stock after selling 5,100 shares during the period. Swiss National Bank owned 0.05% of BOK Financial Corp. worth $2,238,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of BOK Financial Corp. during the fourth quarter worth $12,600,000. Prudential Financial Inc. increased its stake in BOK Financial Corp. by 21.8% in the first quarter. Prudential Financial Inc. now owns 36,823 shares of the company’s stock worth $2,011,000 after buying an additional 6,600 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in BOK Financial Corp. by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 625,343 shares of the company’s stock worth $34,156,000 after buying an additional 8,868 shares during the last quarter. BlackRock Group LTD increased 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 last quarter. Finally, Nisa Investment Advisors L.L.C. increased its stake in BOK Financial Corp. by 118.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 18,429 shares of the company’s stock worth $1,007,000 after buying an additional 10,000 shares during the last quarter. 36.67% of the stock is currently owned by hedge funds and other institutional investors.
BOK Financial Corp. (NASDAQ:BOKF) traded down 0.98% during mid-day trading on Friday, reaching $66.59. 380,337 shares of the company traded hands. 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 $4.39 billion, a PE ratio of 18.37 and a beta of 0.86. The stock has a 50-day moving average of $67.35 and a 200 day moving average of $61.26.
BOK Financial Corp. (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. BOK Financial Corp. had a net margin of 16.55% and a return on equity of 7.23%. During the same quarter in the prior year, the company earned $1.15 EPS. Equities research analysts expect that BOK Financial Corp. will post $3.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 10th. BOK Financial Corp.’s dividend payout ratio is currently 47.51%.
A number of analysts have commented on BOKF shares. TheStreet upgraded shares of BOK Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 22nd. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial Corp. from $58.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Citigroup Inc. downgraded shares of BOK Financial Corp. to a “market perform” rating in a report on Thursday, July 28th. SunTrust Banks Inc. downgraded shares of BOK Financial Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $62.00 in a report on Thursday, August 25th. Finally, Zacks Investment Research downgraded shares of BOK Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. BOK Financial Corp. has a consensus rating of “Hold” and a consensus target price of $65.75.
In related news, EVP Scott Grauer sold 1,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $67.16, for a total transaction of $67,160.00. Following the sale, the executive vice president now owns 26,639 shares of the company’s stock, valued at $1,789,075.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Fred Ball, Jr. sold 937 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $67.20, for a total transaction of $62,966.40. Following the sale, the director now directly owns 6,305 shares in the company, valued at approximately $423,696. The disclosure for this sale can be found here. Corporate insiders own 61.30% of the company’s stock.
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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