BOK Financial Co. (NASDAQ:BOKF) Position Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,193 shares of the bank’s stock after selling 30,553 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.37% of BOK Financial worth $25,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of BOK Financial by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock valued at $1,323,000 after buying an additional 797 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of BOK Financial during the 2nd quarter valued at about $210,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BOK Financial by 24.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank’s stock valued at $568,000 after buying an additional 1,228 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in BOK Financial by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after purchasing an additional 13,175 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada boosted their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $114.40.

BOK Financial Stock Down 1.4 %

Shares of BOK Financial stock opened at $117.80 on Friday. BOK Financial Co. has a 1 year low of $76.61 and a 1 year high of $121.58. The business has a 50-day moving average of $110.98 and a two-hundred day moving average of $101.89. The company has a market capitalization of $7.55 billion, a P/E ratio of 16.43 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 posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period last year, the company earned $2.04 earnings per share. As a group, equities analysts predict that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.94%. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is currently 31.36%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 56.94% of the company’s stock.

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.