Squarepoint Ops LLC Decreases Stock Position in BOK Financial Corporation $BOKF

Squarepoint Ops LLC decreased its position in BOK Financial Corporation (NASDAQ:BOKF) by 26.6% in the 2nd quarter, Holdings Channel reports. The fund owned 62,859 shares of the bank’s stock after selling 22,729 shares during the period. Squarepoint Ops LLC’s holdings in BOK Financial were worth $8,730,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC purchased a new position in shares of BOK Financial in the fourth quarter valued at $1,775,000. SG Americas Securities LLC increased its stake in BOK Financial by 352.3% during the 1st quarter. SG Americas Securities LLC now owns 24,026 shares of the bank’s stock worth $3,077,000 after buying an additional 18,714 shares during the period. Norges Bank purchased a new stake in BOK Financial during the 4th quarter worth $32,755,000. California State Teachers Retirement System lifted its holdings in BOK Financial by 48.0% in the 1st quarter. California State Teachers Retirement System now owns 30,945 shares of the bank’s stock worth $3,963,000 after buying an additional 10,030 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in BOK Financial by 39.0% in the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after buying an additional 254,800 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Activity

In other BOK Financial news, EVP Brad Vincent sold 4,015 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total transaction of $583,861.30. Following the sale, the executive vice president owned 6,031 shares in the company, valued at $877,028.02. This represents a 39.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven Bangert sold 1,250 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the transaction, the director directly owned 31,710 shares in the company, valued at approximately $4,564,971.60. This represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,274 shares of company stock valued at $765,067. 63.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BOKF. Benchmark started coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They issued a “hold” rating for the company. Wells Fargo & Company lifted their target price on BOK Financial from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their price target on BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. DA Davidson reissued a “neutral” rating and issued a $150.00 price target on shares of BOK Financial in a report on Thursday, September 3rd. Finally, Citigroup restated a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.36.

BOK Financial Trading Up 0.5%

NASDAQ BOKF opened at $135.21 on Friday. BOK Financial Corporation has a 12 month low of $102.72 and a 12 month high of $146.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 12.74 and a beta of 0.79. The company’s fifty day moving average price is $140.32 and its two-hundred day moving average price is $134.04.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). The company had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.BOK Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.19 EPS. As a group, research analysts predict that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 19th. BOK Financial’s payout ratio is currently 23.75%.

BOK Financial Profile

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its principal banking subsidiary, BOKF, NA, the company provides banking, investment and wealth management services to businesses, institutions and individual customers.

The company operates regional banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. Its services include commercial and consumer banking, commercial real estate lending, treasury and cash management, mortgage lending and servicing, investment banking, securities brokerage, trust services and investment management.

BOK Financial primarily serves customers in Oklahoma, Texas, New Mexico, Colorado, Kansas, Missouri and Arkansas through banking offices and specialized financial services operations.