Meeder Asset Management Inc. Purchases Shares of 6,367 BOK Financial Corporation $BOKF

Meeder Asset Management Inc. purchased a new position in BOK Financial Corporation (NASDAQ:BOKF) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,367 shares of the bank’s stock, valued at approximately $710,000.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of BOK Financial by 0.7% in the second quarter. Geode Capital Management LLC now owns 440,071 shares of the bank’s stock worth $42,970,000 after purchasing an additional 3,155 shares during the last quarter. First Trust Advisors LP increased its stake in BOK Financial by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock worth $36,845,000 after acquiring an additional 183,668 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of BOK Financial by 13.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 269,292 shares of the bank’s stock worth $27,314,000 after acquiring an additional 32,460 shares in the last quarter. Norges Bank bought a new position in shares of BOK Financial during the 2nd quarter valued at approximately $24,764,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of BOK Financial by 193.7% in the second quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after purchasing an additional 149,201 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Activity

In related news, Director Steven Bangert sold 1,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $114.89, for a total value of $114,890.00. Following the transaction, the director owned 37,416 shares of the company’s stock, valued at $4,298,724.24. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 3,500 shares of company stock valued at $380,395 in the last ninety days. 60.14% of the stock is currently owned by insiders.

BOK Financial Stock Down 0.2%

Shares of BOKF opened at $122.91 on Tuesday. The firm has a fifty day moving average price of $115.28 and a 200-day moving average price of $110.08. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.77 billion, a P/E ratio of 14.65 and a beta of 0.88. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $125.25.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 20th. The bank reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.12. The company had revenue of $548.36 million during the quarter, compared to analyst estimates of $539.48 million. BOK Financial had a net margin of 15.98% and a return on equity of 9.24%. During the same quarter last year, the business posted $2.18 EPS. Equities research analysts expect that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.63 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 12th. BOK Financial’s payout ratio is presently 30.04%.

Analyst Upgrades and Downgrades

BOKF has been the topic of a number of recent research reports. Jefferies Financial Group set a $135.00 price target on shares of BOK Financial and gave the company a “buy” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Hovde Group downgraded shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price target for the company. in a report on Friday, December 12th. Wall Street Zen lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Finally, Credit Suisse Group set a $116.00 price objective on BOK Financial in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.91.

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.