BOK Financial Co. (NASDAQ:BOKF) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BOK Financial Co. (NASDAQ:BOKF) by 0.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 82,609 shares of the bank’s stock after buying an additional 564 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BOK Financial were worth $8,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of BOK Financial by 33.7% during the third quarter. BNP Paribas Financial Markets now owns 4,781 shares of the bank’s stock valued at $500,000 after buying an additional 1,204 shares during the last quarter. Cerity Partners LLC boosted its position in BOK Financial by 167.8% during the 3rd quarter. Cerity Partners LLC now owns 5,857 shares of the bank’s stock worth $613,000 after acquiring an additional 3,670 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after purchasing an additional 9,863 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of BOK Financial during the third quarter valued at $142,000. Finally, LMR Partners LLP bought a new stake in shares of BOK Financial during the third quarter valued at about $210,000. 34.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 56.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BOKF shares. Wells Fargo & Company increased their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. DA Davidson lowered their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus target price of $114.40.

BOK Financial Stock Performance

Shares of BOKF opened at $118.38 on Monday. The company has a 50-day moving average of $111.53 and a two-hundred day moving average of $102.29. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 16.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. BOK Financial Co. has a one year low of $76.76 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The firm had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same quarter last year, the business posted $2.04 EPS. On average, equities research analysts expect that BOK Financial Co. will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.93%. BOK Financial’s payout ratio is currently 31.36%.

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.