Aperio Group LLC Has $1.12 Million Position in BOK Financial Corporation (BOKF)
Aperio Group LLC raised its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,267 shares of the bank’s stock after buying an additional 818 shares during the period. Aperio Group LLC’s holdings in BOK Financial Corporation were worth $1,116,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in BOK Financial Corporation by 5.8% in the fourth quarter. Teachers Advisors LLC now owns 27,329 shares of the bank’s stock valued at $2,269,000 after buying an additional 1,500 shares in the last quarter. Huntington National Bank boosted its stake in BOK Financial Corporation by 13.7% in the first quarter. Huntington National Bank now owns 6,481 shares of the bank’s stock valued at $507,000 after buying an additional 781 shares in the last quarter. ProShare Advisors LLC boosted its stake in BOK Financial Corporation by 5.3% in the first quarter. ProShare Advisors LLC now owns 3,763 shares of the bank’s stock valued at $295,000 after buying an additional 189 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in BOK Financial Corporation by 177.5% in the first quarter. Russell Investments Group Ltd. now owns 66,694 shares of the bank’s stock valued at $5,220,000 after buying an additional 42,658 shares in the last quarter. Finally, BB&T Corp acquired a new stake in BOK Financial Corporation during the first quarter valued at approximately $845,000. Hedge funds and other institutional investors own 32.51% of the company’s stock.
Shares of BOK Financial Corporation (NASDAQ BOKF) traded up 0.12% during trading on Wednesday, reaching $82.02. The company’s stock had a trading volume of 14,114 shares. BOK Financial Corporation has a 12 month low of $65.36 and a 12 month high of $88.80. The company has a market capitalization of $5.37 billion, a P/E ratio of 17.90 and a beta of 0.99. The company’s 50-day moving average is $84.55 and its 200-day moving average is $82.09.
BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. The firm had revenue of $387.46 million during the quarter, compared to analysts’ expectations of $384.52 million. During the same quarter in the previous year, the company posted $1.00 EPS. On average, analysts forecast that BOK Financial Corporation will post $5.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, August 9th. BOK Financial Corporation’s dividend payout ratio (DPR) is presently 38.34%.
Several analysts recently commented on BOKF shares. Stephens upgraded BOK Financial Corporation from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada restated a “hold” rating on shares of BOK Financial Corporation in a research report on Thursday, April 27th. Wedbush raised their target price on BOK Financial Corporation from $79.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, April 27th. Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $81.00 target price (up from $80.00) on shares of BOK Financial Corporation in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. BOK Financial Corporation presently has an average rating of “Hold” and a consensus target price of $86.67.
In related news, EVP Stephen D. Grossi sold 550 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the transaction, the executive vice president now owns 12,601 shares in the company, valued at approximately $1,028,493.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stacy Kymes sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $85.06, for a total transaction of $255,180.00. Following the completion of the transaction, the executive vice president now owns 29,627 shares of the company’s stock, valued at approximately $2,520,072.62. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock valued at $441,751 in the last 90 days. 62.00% of the stock is currently owned by corporate insiders.
BOK Financial Corporation Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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