BOK Financial Co. (NASDAQ:BOKF) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 41.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,473 shares of the bank’s stock after selling 15,365 shares during the quarter. JPMorgan Chase & Co.’s holdings in BOK Financial were worth $2,247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after purchasing an additional 147 shares during the last quarter. KBC Group NV increased its position in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares in the last quarter. American Century Companies Inc. increased its position in BOK Financial by 1.4% during the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock worth $1,471,000 after buying an additional 225 shares in the last quarter. XTX Topco Ltd increased its position in BOK Financial by 9.6% during the third quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock worth $412,000 after buying an additional 346 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial during the second quarter worth $39,000. 34.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BOKF has been the subject of several recent research reports. Wells Fargo & Company raised their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, DA Davidson lowered their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated 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 owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 59.72% of the stock is owned by insiders.

BOK Financial Price Performance

Shares of BOK Financial stock opened at $114.26 on Wednesday. BOK Financial Co. has a twelve month low of $77.86 and a twelve month high of $121.58. The stock has a market capitalization of $7.33 billion, a P/E ratio of 15.72 and a beta of 1.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average price is $113.06 and its 200 day moving average price is $107.02.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. As a group, research analysts anticipate that BOK Financial Co. will post 8.07 earnings per share for the current year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued 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 yield of 2.00%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is presently 31.36%.

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.