Oppenheimer Asset Management Inc. Sells 260 Shares of BOK Financial Co. (NASDAQ:BOKF)

Oppenheimer Asset Management Inc. trimmed its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,427 shares of the bank’s stock after selling 260 shares during the period. Oppenheimer Asset Management Inc.’s holdings in BOK Financial were worth $1,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in BOK Financial in the 4th quarter valued at $27,170,000. Dimensional Fund Advisors LP increased its holdings in BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after acquiring an additional 221,785 shares during the last quarter. Wellington Management Group LLP bought a new stake in BOK Financial in the 3rd quarter valued at $5,375,000. George Kaiser Family Foundation increased its holdings in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after acquiring an additional 38,898 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in BOK Financial in the 4th quarter valued at $2,399,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Trading Up 0.9 %

NASDAQ:BOKF opened at $95.43 on Monday. BOK Financial Co. has a one year low of $62.42 and a one year high of $96.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $6.16 billion, a P/E ratio of 13.91 and a beta of 1.19. The firm has a 50-day simple moving average of $91.01 and a 200-day simple moving average of $87.82.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The business had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the business posted $2.43 EPS. Equities analysts anticipate that BOK Financial Co. will post 7.7 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were issued a $0.55 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.31%. BOK Financial’s dividend payout ratio is currently 32.07%.

Analyst Ratings Changes

A number of brokerages have issued reports on BOKF. StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Raymond James reaffirmed an “outperform” rating and set a $105.00 price target (up from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. DA Davidson lifted their price target on shares of BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Truist Financial lowered their price objective on shares of BOK Financial from $97.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $96.90.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.94% of the stock is currently owned by company 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.