BOK Financial Corporation (BOKF) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. increased its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 53.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,124 shares of the bank’s stock after purchasing an additional 1,438 shares during the period. Pacer Advisors Inc.’s holdings in BOK Financial Corporation were worth $347,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in BOK Financial Corporation by 45.4% in the 1st quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after purchasing an additional 798 shares in the last quarter. Laurion Capital Management LP purchased a new position in BOK Financial Corporation in the 1st quarter worth approximately $248,000. UBS Group AG lifted its holdings in BOK Financial Corporation by 81.3% in the 1st quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after purchasing an additional 1,646 shares in the last quarter. Amalgamated Bank lifted its holdings in BOK Financial Corporation by 3.2% in the 1st quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock worth $288,000 after purchasing an additional 115 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in BOK Financial Corporation by 5.3% in the 1st quarter. ProShare Advisors LLC now owns 3,763 shares of the bank’s stock worth $295,000 after purchasing an additional 189 shares in the last quarter. 32.34% of the stock is currently owned by institutional investors.
Shares of BOK Financial Corporation (BOKF) opened at 80.42 on Tuesday. The firm has a 50-day moving average price of $82.20 and a 200-day moving average price of $81.74. BOK Financial Corporation has a 1-year low of $65.74 and a 1-year high of $88.80. The company has a market cap of $5.26 billion, a P/E ratio of 17.56 and a beta of 1.00.
BOK Financial Corporation (NASDAQ:BOKF) last released its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $387.46 million for the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. During the same quarter last year, the business posted $1.00 earnings per share. On average, equities analysts expect that BOK Financial Corporation will post $5.39 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.44 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.19%. BOK Financial Corporation’s dividend payout ratio (DPR) is presently 38.34%.
A number of research analysts recently commented on BOKF shares. Piper Jaffray Companies reissued a “hold” rating and issued a $89.00 price target on shares of BOK Financial Corporation in a report on Friday, July 14th. BidaskClub raised BOK Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stephens reissued a “buy” rating and issued a $95.00 price target on shares of BOK Financial Corporation in a report on Tuesday, June 6th. Hovde Group lowered their price target on BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $89.75.
In other news, EVP Stacy Kymes sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the transaction, the executive vice president now owns 29,627 shares in the company, valued at $2,520,072.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the transaction, the executive vice president now owns 12,601 shares in the company, valued at approximately $1,028,493.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,300 shares of company stock worth $441,751. Company insiders own 62.00% of the company’s stock.
BOK Financial Corporation Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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