Principal Financial Group Inc. lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 569,495 shares of the bank’s stock after selling 5,667 shares during the quarter. Principal Financial Group Inc. owned 0.87% of BOK Financial worth $41,762,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of BOKF. Toronto Dominion Bank acquired a new stake in shares of BOK Financial during the fourth quarter worth about $48,000. MUFG Securities EMEA plc acquired a new stake in shares of BOK Financial during the fourth quarter worth about $79,000. SG Americas Securities LLC acquired a new stake in shares of BOK Financial during the third quarter worth about $146,000. Bank of Montreal Can boosted its stake in shares of BOK Financial by 6.6% during the fourth quarter. Bank of Montreal Can now owns 2,037 shares of the bank’s stock worth $150,000 after buying an additional 127 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BOK Financial by 88.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,511 shares of the bank’s stock worth $184,000 after buying an additional 1,177 shares during the period. 39.24% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on BOKF. SunTrust Banks increased their target price on shares of BOK Financial to $92.00 and gave the stock a “hold” rating in a research note on Thursday, January 31st. They noted that the move was a valuation call. ValuEngine upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. BidaskClub upgraded shares of BOK Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Finally, Wells Fargo & Co reduced their price objective on shares of BOK Financial from $100.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued 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 $102.95.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 30th. The bank reported $1.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.05). BOK Financial had a return on equity of 12.04% and a net margin of 24.15%. The business had revenue of $422.14 million for the quarter, compared to analysts’ expectations of $423.33 million. During the same period last year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that BOK Financial Co. will post 7.36 EPS for the current fiscal year.
In other news, Director George B. Kaiser bought 3,000 shares of the stock in a transaction on Thursday, February 7th. The stock was purchased at an average cost of $85.83 per share, with a total value of $257,490.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 54.90% of the stock is currently owned by insiders.
WARNING: “BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Principal Financial Group Inc.” was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/15/principal-financial-group-inc-decreases-position-in-bok-financial-co-bokf.html.
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.
See Also: Is it Safe to Invest in Commodities?
Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.