First Trust Advisors LP Grows Stake in BOK Financial Co. (BOKF)

First Trust Advisors LP grew its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 24.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,222 shares of the bank’s stock after buying an additional 29,528 shares during the period. First Trust Advisors LP owned 0.23% of BOK Financial worth $14,614,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in BOK Financial by 6.8% in the 2nd quarter. BlackRock Inc. now owns 1,140,977 shares of the bank’s stock worth $107,262,000 after acquiring an additional 73,023 shares during the last quarter. Bank of America Corp DE increased its stake in BOK Financial by 47.2% in the 2nd quarter. Bank of America Corp DE now owns 167,778 shares of the bank’s stock worth $15,772,000 after acquiring an additional 53,814 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of BOK Financial by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 135,588 shares of the bank’s stock valued at $12,747,000 after purchasing an additional 4,000 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of BOK Financial by 26.4% during the 2nd quarter. Renaissance Technologies LLC now owns 132,142 shares of the bank’s stock valued at $12,423,000 after purchasing an additional 27,600 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of BOK Financial by 5.6% during the 1st quarter. Allianz Asset Management GmbH now owns 124,175 shares of the bank’s stock valued at $12,292,000 after purchasing an additional 6,596 shares during the last quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BOKF stock traded up $1.19 during mid-day trading on Monday, hitting $85.49. The stock had a trading volume of 232,024 shares, compared to its average volume of 195,654. BOK Financial Co. has a 12-month low of $80.36 and a 12-month high of $107.00. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.88 and a beta of 1.09. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The firm had revenue of $408.82 million during the quarter, compared to analysts’ expectations of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same period in the prior year, the business posted $1.31 EPS. Research analysts predict that BOK Financial Co. will post 6.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were paid a dividend of $0.50 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 8th. BOK Financial’s dividend payout ratio is 37.81%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, August 29th. BidaskClub downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Stephens set a $114.00 price objective on BOK Financial and gave the company a “buy” rating in a research report on Wednesday, October 24th. Finally, Wedbush set a $105.00 price objective on BOK Financial and gave the company a “buy” rating in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $105.79.

In other BOK Financial news, EVP Joseph A. Gottron II purchased 400 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was bought at an average cost of $86.07 per share, for a total transaction of $34,428.00. Following the completion of the purchase, the executive vice president now owns 6,556 shares in the company, valued at approximately $564,274.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Coffey purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average price of $81.74 per share, with a total value of $245,220.00. Following the completion of the purchase, the director now owns 3,225 shares of the company’s stock, valued at approximately $263,611.50. The disclosure for this purchase can be found here. Insiders have sold a total of 1,946 shares of company stock valued at $181,563 over the last 90 days. 60.50% of the stock is currently owned by company insiders.

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About BOK Financial

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.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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