Nationwide Fund Advisors Has $1.26 Million Holdings in BOK Financial Corporation (BOKF)
Nationwide Fund Advisors boosted its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,010 shares of the bank’s stock after purchasing an additional 300 shares during the period. Nationwide Fund Advisors’ holdings in BOK Financial Corporation were worth $1,263,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in BOKF. Principal Financial Group Inc. grew its position in BOK Financial Corporation by 183.1% during the 2nd quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock worth $55,716,000 after purchasing an additional 428,292 shares during the period. Vanguard Group Inc. grew its position in BOK Financial Corporation by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock worth $189,696,000 after purchasing an additional 337,132 shares during the period. Renaissance Technologies LLC acquired a new stake in BOK Financial Corporation during the 1st quarter worth about $6,586,000. Chicago Equity Partners LLC acquired a new stake in BOK Financial Corporation during the 2nd quarter worth about $5,517,000. Finally, Royce & Associates LP grew its position in BOK Financial Corporation by 12.3% during the 2nd quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock worth $39,127,000 after purchasing an additional 50,789 shares during the period. 31.71% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on BOKF. Piper Jaffray Companies reaffirmed a “hold” rating and set a $89.00 price target on shares of BOK Financial Corporation in a research report on Thursday. Zacks Investment Research upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and set a $86.00 target price (up from $85.00) on shares of BOK Financial Corporation in a research report on Wednesday, October 4th. ValuEngine upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $90.00 target price on shares of BOK Financial Corporation in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.25.
In other news, EVP Stephen D. Grossi sold 550 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $81.62, for a total transaction of $44,891.00. Following the transaction, the executive vice president now directly owns 12,601 shares in the company, valued at $1,028,493.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stacy Kymes sold 3,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $85.06, for a total transaction of $255,180.00. Following the transaction, the executive vice president now owns 29,627 shares in the company, valued at $2,520,072.62. The disclosure for this sale can be found here. Insiders own 62.00% of the company’s stock.
Shares of BOK Financial Corporation (BOKF) opened at 90.91 on Friday. BOK Financial Corporation has a 52-week low of $68.72 and a 52-week high of $91.57. The firm has a market capitalization of $5.95 billion, a PE ratio of 19.85 and a beta of 1.01. The stock’s 50 day moving average price is $85.92 and its 200-day moving average price is $83.26.
BOK Financial Corporation (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. During the same period in the previous year, the business posted $1.00 earnings per share. Equities research analysts anticipate that BOK Financial Corporation will post $5.38 EPS for the current fiscal year.
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About BOK Financial Corporation
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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