BOK Financial Co. (NASDAQ:BOKF) Position Increased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. grew its position in BOK Financial Co. (NASDAQ:BOKF) by 742.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,571 shares of the bank’s stock after buying an additional 3,147 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in BOK Financial were worth $374,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. acquired a new position in BOK Financial in the 2nd quarter worth approximately $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BOK Financial by 11.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after purchasing an additional 13,175 shares in the last quarter. Creative Planning grew its holdings in shares of BOK Financial by 130.1% during the third quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after buying an additional 6,755 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of BOK Financial during the second quarter valued at $540,000. Finally, Bleakley Financial Group LLC raised its position in BOK Financial by 31.6% during the third quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock valued at $315,000 after buying an additional 724 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

BOKF opened at $118.61 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $7.61 billion, a PE ratio of 16.31 and a beta of 1.17. The stock has a 50-day moving average of $110.13 and a 200-day moving average of $101.44. BOK Financial Co. has a 52-week low of $74.40 and a 52-week high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the prior year, the business earned $2.04 earnings per share. As a group, equities research analysts forecast that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, November 15th. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

Analyst Ratings Changes

BOKF has been the subject of a number of research reports. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. DA Davidson lowered their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Stephens lowered their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price objective on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average target price of $112.20.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.