BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,349 shares of the bank’s stock after selling 184 shares during the period. Arizona State Retirement System’s holdings in BOK Financial were worth $715,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BOKF. Schonfeld Strategic Advisors LLC boosted its stake in shares of BOK Financial by 11,085.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock worth $37,150,000 after acquiring an additional 354,733 shares in the last quarter. State Street Corp lifted its holdings in shares of BOK Financial by 37.0% during the first quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock valued at $115,711,000 after purchasing an additional 332,904 shares during the last quarter. Norges Bank acquired a new position in shares of BOK Financial in the 4th quarter valued at $30,754,000. Millennium Management LLC increased its stake in BOK Financial by 75.3% in the 4th quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock worth $60,975,000 after purchasing an additional 252,346 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in BOK Financial by 87.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 151,301 shares of the bank’s stock worth $12,222,000 after buying an additional 70,404 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Up 0.4 %

Shares of BOK Financial stock opened at $85.43 on Friday. The stock has a 50-day simple moving average of $86.63 and a 200-day simple moving average of $80.98. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $92.75. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 10.68 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The business had revenue of $843.21 million during the quarter, compared to analyst estimates of $485.87 million. During the same quarter last year, the firm earned $2.51 earnings per share. On average, equities research analysts expect that BOK Financial Co. will post 7.43 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio is 27.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BOKF. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $94.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Truist Financial boosted their target price on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Wells Fargo & Company increased their target price on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Stephens lifted their price target on BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, StockNews.com downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus price target of $96.22.

Insider Buying and Selling

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 56.94% of the stock is owned by insiders.

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.