Wellington Management Group LLP Sells 695 Shares of BOK Financial Co. (NASDAQ:BOKF)

Wellington Management Group LLP lowered its stake in BOK Financial Co. (NASDAQ:BOKF) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,505 shares of the bank’s stock after selling 695 shares during the period. Wellington Management Group LLP owned 0.10% of BOK Financial worth $5,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of BOK Financial during the 4th quarter valued at about $27,170,000. Rafferty Asset Management LLC raised its position in shares of BOK Financial by 85.9% in the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after acquiring an additional 24,482 shares in the last quarter. Invesco Ltd. boosted its position in shares of BOK Financial by 50.0% during the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock valued at $6,804,000 after purchasing an additional 28,367 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of BOK Financial by 4.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares in the last quarter. Finally, George Kaiser Family Foundation raised its holdings 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 worth $287,930,000 after purchasing an additional 38,898 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial 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 sale, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. 56.94% of the stock is currently owned by corporate insiders.

BOK Financial Trading Up 2.4 %

Shares of NASDAQ:BOKF opened at $91.64 on Friday. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $96.40. The company has a market cap of $5.91 billion, a PE ratio of 13.36 and a beta of 1.17. The stock has a 50 day moving average of $90.95 and a 200 day moving average of $87.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.72 by $0.19. The firm had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same period last year, the firm earned $2.43 EPS. As a group, equities research analysts expect that BOK Financial Co. will post 7.73 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, May 14th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Wall Street Analyst Weigh In

BOKF has been the subject of several research reports. DA Davidson increased 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. Royal Bank of Canada boosted their price target on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Wells Fargo & Company lifted their price objective on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Citigroup increased their target price on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, BOK Financial has an average rating of “Hold” and a consensus target price 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.