State Street Corp Sells 35,722 Shares of BOK Financial Co. (NASDAQ:BOKF)

State Street Corp decreased its position in BOK Financial Co. (NASDAQ:BOKF) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 822,398 shares of the bank’s stock after selling 35,722 shares during the quarter. State Street Corp owned approximately 1.28% of BOK Financial worth $86,039,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial in the second quarter worth $39,000. KBC Group NV raised its holdings in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares in the last quarter. Prospera Private Wealth LLC bought a new position in BOK Financial in the third quarter worth $142,000. Point72 DIFC Ltd bought a new position in BOK Financial in the second quarter worth $143,000. Finally, nVerses Capital LLC bought a new position in BOK Financial in the second quarter worth $147,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Up 0.9 %

BOK Financial stock opened at $117.10 on Tuesday. The business’s fifty day moving average is $113.26 and its 200 day moving average is $103.39. The stock has a market capitalization of $7.51 billion, a PE ratio of 16.11 and a beta of 1.18. BOK Financial Co. has a one year low of $77.86 and a one year high of $121.58. 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 (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same quarter last year, the firm posted $2.04 earnings per share. On average, sell-side analysts predict that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.95%. BOK Financial’s dividend payout ratio (DPR) is presently 31.36%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 56.94% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BOKF. Stephens reduced their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. DA Davidson reduced their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Wedbush restated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.40.

BOK Financial Profile

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.