Cibc World Market Inc. Purchases 254,800 Shares of BOK Financial Corporation $BOKF

Cibc World Market Inc. increased its position in BOK Financial Corporation (NASDAQ:BOKF) by 39.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 908,800 shares of the bank’s stock after acquiring an additional 254,800 shares during the quarter. Cibc World Market Inc.’s holdings in BOK Financial were worth $107,656,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BOKF. Farther Finance Advisors LLC boosted its position in shares of BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of BOK Financial in the third quarter valued at approximately $41,000. Covestor Ltd boosted its position in shares of BOK Financial by 108.0% in the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after acquiring an additional 190 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of BOK Financial by 109.2% in the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after acquiring an additional 261 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new position in shares of BOK Financial in the third quarter valued at approximately $55,000. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th. Citigroup raised their price objective on shares of BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Barclays raised their price objective on shares of BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada raised their price objective on shares of BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.91.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 2,100 shares of BOK Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the transaction, the director directly owned 32,816 shares of the company’s stock, valued at approximately $4,422,940.48. This trade represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey A. Reid sold 1,200 shares of BOK Financial stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the transaction, the executive vice president directly owned 8,116 shares in the company, valued at $1,099,880.32. This trade represents a 12.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 5,500 shares of company stock valued at $738,571. 63.53% of the stock is currently owned by corporate insiders.

BOK Financial Trading Down 1.6%

Shares of BOK Financial stock opened at $125.39 on Thursday. BOK Financial Corporation has a 1 year low of $91.35 and a 1 year high of $139.73. The firm has a market cap of $7.62 billion, a PE ratio of 12.69 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50 day simple moving average of $130.81 and a two-hundred day simple moving average of $126.30.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. The business had revenue of $553.82 million during the quarter, compared to analyst estimates of $549.71 million. During the same period in the previous year, the business posted $1.86 earnings per share. Analysts expect that BOK Financial Corporation will post 10.24 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio (DPR) is 25.51%.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.