Stifel Financial Corp Sells 279 Shares of BOK Financial Co. (NASDAQ:BOKF)

Stifel Financial Corp trimmed its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,385 shares of the bank’s stock after selling 279 shares during the quarter. Stifel Financial Corp’s holdings in BOK Financial were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial during the 2nd quarter valued at about $39,000. KBC Group NV grew its stake in shares of BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of BOK Financial in the third quarter worth approximately $142,000. Point72 DIFC Ltd bought a new stake in shares of BOK Financial during the 2nd quarter worth approximately $143,000. Finally, nVerses Capital LLC purchased a new position in BOK Financial during the 2nd quarter valued at $147,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BOKF shares. Royal Bank of Canada increased their target price 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. 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. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $114.40.

BOK Financial Trading Down 1.4 %

Shares of NASDAQ:BOKF opened at $108.20 on Friday. The company has a market capitalization of $6.94 billion, a PE ratio of 14.88 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a 12-month low of $77.86 and a 12-month high of $121.58. The business’s fifty day simple moving average is $113.37 and its 200-day simple moving average is $104.47.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 EPS 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 business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the company posted $2.04 earnings per share. As a group, equities research 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 announced 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 annualized dividend and a yield of 2.11%. 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 31.36%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated 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 owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 56.94% of the company’s stock.

BOK Financial 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.