BOK Financial Corporation $BOKF Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 352.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 24,026 shares of the bank’s stock after buying an additional 18,714 shares during the quarter. SG Americas Securities LLC’s holdings in BOK Financial were worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Cowa LLC increased its stake in BOK Financial by 1.7% in the 4th quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after buying an additional 101 shares during the period. GAMMA Investing LLC lifted its stake in shares of BOK Financial by 8.4% in the 4th quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock worth $186,000 after acquiring an additional 122 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of BOK Financial by 2.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,717 shares of the bank’s stock valued at $796,000 after acquiring an additional 151 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of BOK Financial by 0.7% during the second quarter. California State Teachers Retirement System now owns 20,743 shares of the bank’s stock worth $2,025,000 after acquiring an additional 151 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark B. Wade sold 1,700 shares of BOK Financial 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 transaction, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. The trade was a 7.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey A. Reid sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the completion of the sale, the executive vice president directly owned 8,116 shares in the company, valued at approximately $1,099,880.32. The trade was a 12.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,500 shares of company stock worth $738,571 over the last ninety days. 63.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BOKF. Citigroup increased their price target on shares of BOK Financial from $138.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Zacks Research lowered BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Wells Fargo & Company increased their price objective on BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Barclays raised their target price on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $135.18.

BOK Financial Trading Up 0.3%

Shares of BOKF stock opened at $138.88 on Wednesday. The stock has a market cap of $8.44 billion, a P/E ratio of 14.06 and a beta of 0.81. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. BOK Financial Corporation has a fifty-two week low of $96.89 and a fifty-two week high of $139.73. The business has a fifty day simple moving average of $131.75 and a 200-day simple moving average of $129.14.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, April 20th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. The business had revenue of $553.82 million for the quarter, compared to analyst estimates of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period in the previous year, the firm earned $1.86 EPS. On average, analysts forecast that BOK Financial Corporation will post 10.28 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

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

BOK Financial Company Profile

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.