GAMMA Investing LLC Reduces Stock Position in BOK Financial Co. (NASDAQ:BOKF)

GAMMA Investing LLC lessened its holdings in BOK Financial Co. (NASDAQ:BOKF) by 36.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308 shares of the bank’s stock after selling 178 shares during the quarter. GAMMA Investing LLC’s holdings in BOK Financial were worth $28,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in BOK Financial in the fourth quarter valued at $27,170,000. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 13.2% in the fourth 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 in the last quarter. Wellington Management Group LLP acquired a new position in BOK Financial in the third quarter valued at $5,375,000. George Kaiser Family Foundation boosted its stake in BOK Financial by 1.2% in the fourth 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in BOK Financial by 233.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after acquiring an additional 33,602 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

Shares of NASDAQ:BOKF opened at $88.77 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. The company has a market cap of $5.73 billion, a P/E ratio of 12.94 and a beta of 1.17. BOK Financial Co. has a 52 week low of $62.42 and a 52 week high of $96.40. The company has a 50-day moving average price of $90.80 and a 200 day moving average price of $87.22.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The company had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same period last year, the company posted $2.43 earnings per share. Research analysts predict that BOK Financial Co. will post 7.73 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.48%. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the transaction, the director now directly owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The sale was disclosed in a filing with the SEC, which is available at this link. 56.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BOKF. Royal Bank of Canada upped their price objective on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Hovde Group upgraded shares of BOK Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, June 10th. Truist Financial decreased their target price on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Wells Fargo & Company increased their target price 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, Raymond James reiterated an “outperform” rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.10.

About BOK Financial

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.