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

State Street Corp lessened its holdings in BOK Financial Co. (NASDAQ:BOKF) by 4.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 822,398 shares of the bank’s stock after selling 35,722 shares during the period. State Street Corp’s holdings in BOK Financial were worth $86,039,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after acquiring an additional 218,513 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BOK Financial by 24.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank’s stock valued at $568,000 after acquiring an additional 1,228 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in BOK Financial by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after acquiring an additional 13,175 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in BOK Financial during the second quarter valued at $210,000. Finally, nVerses Capital LLC bought a new position in BOK Financial during the second quarter valued at $147,000. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BOKF shares. Wells Fargo & Company boosted their price objective 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 boosted 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 report on Wednesday, December 4th. Royal Bank of Canada boosted their target price on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Stephens lowered their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average price target of $114.40.

BOK Financial Stock Up 0.9 %

NASDAQ:BOKF opened at $117.10 on Tuesday. BOK Financial Co. has a 1-year low of $77.86 and a 1-year high of $121.58. The company has a 50-day moving average of $113.26 and a 200 day moving average of $103.39. The firm has a market cap of $7.51 billion, a PE ratio of 16.11 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 (NASDAQ:BOKF) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share 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 company had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period in the prior year, the firm earned $2.04 earnings per share. As a group, research analysts anticipate that BOK Financial Co. will post 8.08 EPS for the current fiscal 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 paid a $0.57 dividend. The ex-dividend date was Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 1.95%. BOK Financial’s dividend payout ratio is 31.36%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 56.94% of the stock is currently owned by corporate insiders.

BOK Financial Company 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.