Barclays PLC Sells 14,357 Shares of BOK Financial Co. (NASDAQ:BOKF)

Barclays PLC trimmed its stake in BOK Financial Co. (NASDAQ:BOKF) by 41.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,047 shares of the bank’s stock after selling 14,357 shares during the period. Barclays PLC’s holdings in BOK Financial were worth $2,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. bought a new stake in BOK Financial in the second quarter worth $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of 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 acquiring an additional 13,175 shares during the last quarter. Creative Planning grew its holdings in BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in BOK Financial in the 2nd quarter worth about $540,000. Finally, Jane Street Group LLC lifted its stake in BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 56.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BOKF shares. Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Stephens decreased their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $114.40.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $109.71 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 15.09 and a beta of 1.18. The firm has a 50 day moving average of $113.48 and a 200 day moving average of $104.32. BOK Financial Co. has a 52 week low of $77.86 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued 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 return on equity of 9.67% and a net margin of 13.78%. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the prior year, the business posted $2.04 EPS. On average, sell-side analysts predict that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is presently 31.36%.

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.