Dimensional Fund Advisors LP Raises Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Dimensional Fund Advisors LP grew its holdings in shares of BOK Financial Co. (NASDAQ:BOKFGet Rating) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,602,673 shares of the bank’s stock after purchasing an additional 78,599 shares during the period. Dimensional Fund Advisors LP owned about 2.35% of BOK Financial worth $150,579,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. MetLife Investment Management LLC purchased a new stake in shares of BOK Financial during the first quarter worth approximately $57,000. Martingale Asset Management L P purchased a new stake in shares of BOK Financial during the first quarter worth approximately $4,184,000. Bank of New York Mellon Corp increased its stake in shares of BOK Financial by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 267,871 shares of the bank’s stock worth $25,166,000 after buying an additional 2,337 shares during the period. Krane Funds Advisors LLC increased its stake in shares of BOK Financial by 14.6% during the first quarter. Krane Funds Advisors LLC now owns 3,967 shares of the bank’s stock worth $373,000 after buying an additional 505 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of BOK Financial during the first quarter worth approximately $140,000. 39.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $80.16, for a total transaction of $240,480.00. Following the completion of the sale, the director now directly owns 76,852 shares of the company’s stock, valued at $6,160,456.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other BOK Financial news, Director Steven G. Bradshaw sold 10,000 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $85.01, for a total value of $850,100.00. Following the completion of the transaction, the director now owns 74,029 shares in the company, valued at $6,293,205.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $80.16, for a total value of $240,480.00. Following the completion of the transaction, the director now owns 76,852 shares of the company’s stock, valued at approximately $6,160,456.32. The disclosure for this sale can be found here. Corporate insiders own 56.94% of the company’s stock.

Analyst Ratings Changes

BOKF has been the topic of a number of recent research reports. Royal Bank of Canada restated a “maintains” rating on shares of BOK Financial in a research note on Thursday. Stephens reiterated a “maintains” rating and issued a $92.00 price target (up from $85.00) on shares of BOK Financial in a research note on Thursday. Wedbush increased their price target on shares of BOK Financial from $78.00 to $86.00 in a research note on Thursday. Wells Fargo & Company increased their price target on shares of BOK Financial from $85.00 to $100.00 and gave the company a “maintains” rating in a research note on Thursday. Finally, StockNews.com started coverage on shares of BOK Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.83.

BOK Financial Stock Performance

Shares of BOKF stock traded up $1.08 during trading hours on Thursday, hitting $85.39. The stock had a trading volume of 5,719 shares, compared to its average volume of 215,680. The firm has a market capitalization of $5.82 billion, a PE ratio of 11.00 and a beta of 1.36. BOK Financial Co. has a twelve month low of $70.21 and a twelve month high of $120.20. The stock’s 50 day moving average is $79.21 and its 200 day moving average is $91.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.66 and a quick ratio of 0.66.

BOK Financial (NASDAQ:BOKFGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.53. BOK Financial had a return on equity of 10.19% and a net margin of 29.37%. The business had revenue of $442.60 million during the quarter, compared to the consensus estimate of $419.97 million. During the same period in the prior year, the company earned $2.40 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. As a group, research analysts forecast that BOK Financial Co. will post 6.03 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, May 10th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.12 annualized dividend and a dividend yield of 2.48%. BOK Financial’s dividend payout ratio (DPR) is currently 27.32%.

About BOK Financial

(Get Rating)

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.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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