BOK Financial Corporation $BOKF Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 59.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,313 shares of the bank’s stock after selling 4,765 shares during the quarter. Ritholtz Wealth Management’s holdings in BOK Financial were worth $424,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after acquiring an additional 135 shares during the period. Pinnacle Holdings LLC bought a new stake in BOK Financial during the fourth quarter worth approximately $31,000. Covestor Ltd grew its position in BOK Financial by 108.0% in the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after buying an additional 190 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of BOK Financial in the third quarter valued at $41,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of BOK Financial by 43,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 440 shares of the bank’s stock valued at $52,000 after buying an additional 439 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Up 1.7%

Shares of BOK Financial stock opened at $141.24 on Thursday. BOK Financial Corporation has a 1 year low of $97.40 and a 1 year high of $141.57. The company has a market cap of $8.58 billion, a P/E ratio of 14.30 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $131.84 and a 200 day moving average price of $129.29.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $553.82 million for the quarter, compared to analysts’ expectations of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same quarter in the previous year, the business posted $1.86 EPS. As a group, analysts expect that BOK Financial Corporation will post 10.28 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio is currently 25.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BOKF shares. Benchmark started coverage on BOK Financial in a research note on Wednesday, June 24th. They set a “hold” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. Royal Bank Of Canada upped their target price on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their price objective on BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Finally, Zacks Research lowered shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $135.18.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 500 shares of BOK Financial stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $134.91, for a total transaction of $67,455.00. Following the completion of the sale, the director directly owned 10,436 shares in the company, valued at $1,407,920.76. The trade was a 4.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark B. Wade sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares of the company’s stock, valued at $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,500 shares of company stock worth $738,571 in the last quarter. 63.53% of the stock is currently owned by corporate insiders.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.