BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in BOK Financial Co. (NASDAQ:BOKF) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,908 shares of the bank’s stock after selling 8,285 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.36% of BOK Financial worth $24,580,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after acquiring an additional 9,863 shares in the last quarter. SG Americas Securities LLC raised its position in BOK Financial by 433.0% in the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after acquiring an additional 7,487 shares in the last quarter. Meritage Portfolio Management bought a new stake in BOK Financial in the fourth quarter worth about $444,000. Merit Financial Group LLC bought a new stake in BOK Financial in the fourth quarter worth about $256,000. Finally, Jane Street Group LLC raised its position 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 acquiring an additional 33,686 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analysts Set New Price Targets

BOKF has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target 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. Wells Fargo & Company boosted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Stephens cut their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a report on Monday. Six equities 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.com, BOK Financial has an average rating of “Hold” and a consensus price target of $119.11.

BOK Financial Trading Down 0.4 %

Shares of NASDAQ BOKF opened at $102.65 on Wednesday. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 12.63 and a beta of 1.20. The business has a 50 day simple moving average of $108.16 and a 200 day simple moving average of $109.17. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.22%. BOK Financial’s payout ratio is currently 28.04%.

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.