Capital Fund Management S.A. bought a new stake in BOK Financial Co. (NASDAQ:BOKF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,200 shares of the bank’s stock, valued at approximately $1,617,000.

Several other large investors also recently added to or reduced their stakes in BOKF. Aristotle Capital Management LLC grew its holdings in BOK Financial by 4.2% during the first quarter. Aristotle Capital Management LLC now owns 2,305,137 shares of the bank’s stock worth $228,186,000 after purchasing an additional 92,632 shares during the period. BlackRock Inc. grew its holdings in BOK Financial by 6.8% during the second quarter. BlackRock Inc. now owns 1,140,977 shares of the bank’s stock worth $107,262,000 after purchasing an additional 73,023 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in BOK Financial during the second quarter worth about $2,874,000. Renaissance Technologies LLC grew its holdings in BOK Financial by 26.4% during the second quarter. Renaissance Technologies LLC now owns 132,142 shares of the bank’s stock worth $12,423,000 after purchasing an additional 27,600 shares during the period. Finally, Sei Investments Co. grew its holdings in BOK Financial by 56.1% during the second quarter. Sei Investments Co. now owns 63,380 shares of the bank’s stock worth $5,959,000 after purchasing an additional 22,790 shares during the period. 34.36% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director C Fred Ball, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total transaction of $46,314.00. Following the completion of the sale, the director now owns 3,066 shares in the company, valued at $315,552.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen D. Grossi sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $98.75, for a total value of $133,312.50. Following the sale, the executive vice president now owns 20,191 shares of the company’s stock, valued at approximately $1,993,861.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,276 shares of company stock valued at $228,788. Corporate insiders own 60.50% of the company’s stock.

A number of equities analysts recently commented on the company. Stephens reiterated a “buy” rating and set a $112.00 price target on shares of BOK Financial in a report on Tuesday, May 29th. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, August 29th. ValuEngine cut BOK Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. BidaskClub upgraded BOK Financial from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price target on BOK Financial from $105.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 19th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. BOK Financial has an average rating of “Hold” and a consensus target price of $107.45.

Shares of NASDAQ:BOKF opened at $103.06 on Friday. BOK Financial Co. has a 12-month low of $80.11 and a 12-month high of $107.00. The company has a market cap of $6.71 billion, a PE ratio of 17.21, a PEG ratio of 1.86 and a beta of 0.94. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.92 and a quick ratio of 0.91.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. BOK Financial had a return on equity of 11.04% and a net margin of 21.91%. The company had revenue of $394.96 million during the quarter, compared to analysts’ expectations of $389.41 million. During the same quarter in the previous year, the company posted $1.35 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. sell-side analysts predict that BOK Financial Co. will post 6.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Monday, August 13th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, August 10th. This is a boost from BOK Financial’s previous quarterly dividend of $0.45. BOK Financial’s payout ratio is currently 37.81%.

About BOK Financial

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: Outstanding Shares and The Effect on Share Price

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

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