BOK Financial Co. (NASDAQ:BOKF) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in BOK Financial Co. (NASDAQ:BOKF) by 10.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,040 shares of the bank’s stock after selling 717 shares during the period. The Manufacturers Life Insurance Company’s holdings in BOK Financial were worth $554,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BOK Financial in the 2nd quarter valued at $39,000. Covestor Ltd boosted its position in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of BOK Financial during the second quarter valued at $46,000. Bessemer Group Inc. purchased a new stake in shares of BOK Financial in the first quarter valued at $86,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of BOK Financial during the 2nd quarter valued at $143,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Stock Up 1.5 %

NASDAQ:BOKF opened at $110.98 on Wednesday. The stock’s fifty day simple moving average is $102.77 and its 200-day simple moving average is $96.21. The firm has a market capitalization of $7.16 billion, a P/E ratio of 16.18 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $113.06.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. The company had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same period in the prior year, the business posted $2.27 EPS. Equities research analysts expect that BOK Financial Co. will post 7.85 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BOKF shares. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $113.00 to $124.00 in a research report on Tuesday. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on shares of BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Finally, Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $111.10.

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.