Envestnet Asset Management Inc. raised its position in BOK Financial Co. (NASDAQ:BOKF) by 7.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,344 shares of the bank’s stock after purchasing an additional 1,916 shares during the period. Envestnet Asset Management Inc.’s holdings in BOK Financial were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of BOKF. BNP Paribas Arbitrage SA grew its holdings in BOK Financial by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after buying an additional 2,164 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in BOK Financial by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 189,416 shares of the bank’s stock valued at $16,873,000 after buying an additional 6,054 shares in the last quarter. SG Americas Securities LLC acquired a new position in BOK Financial in the 3rd quarter valued at $101,000. Legal & General Group Plc grew its holdings in BOK Financial by 11.2% in the 3rd quarter. Legal & General Group Plc now owns 9,803 shares of the bank’s stock valued at $873,000 after buying an additional 984 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in BOK Financial by 1.0% in the 3rd quarter. Wells Fargo & Company MN now owns 279,389 shares of the bank’s stock valued at $24,888,000 after buying an additional 2,893 shares in the last quarter. 33.51% of the stock is currently owned by hedge funds and other institutional investors.
BOKF opened at $98.73 on Friday. The firm has a market cap of $6,540.33, a PE ratio of 18.66, a P/E/G ratio of 1.94 and a beta of 0.93. BOK Financial Co. has a 52-week low of $74.48 and a 52-week high of $107.00. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50.
BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.05). The company had revenue of $383.70 million for the quarter, compared to analyst estimates of $391.73 million. BOK Financial had a return on equity of 10.00% and a net margin of 20.14%. During the same period last year, the company posted $1.09 earnings per share. equities analysts forecast that BOK Financial Co. will post 6.43 earnings per share for the current year.
In other news, EVP Norman P. Bagwell sold 584 shares of the stock in a transaction on Monday, March 26th. The stock was sold at an average price of $99.00, for a total transaction of $57,816.00. Following the sale, the executive vice president now directly owns 34,415 shares of the company’s stock, valued at approximately $3,407,085. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Steven E. Nell sold 8,011 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $98.12, for a total value of $786,039.32. Following the sale, the chief financial officer now directly owns 72,061 shares in the company, valued at $7,070,625.32. The disclosure for this sale can be found here. Corporate insiders own 60.50% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Friday. BidaskClub raised BOK Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 21st. Wedbush upped their price objective on BOK Financial from $103.00 to $106.00 and gave the company a “neutral” rating in a report on Monday, March 19th. ValuEngine raised BOK Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $102.00 target price on shares of BOK Financial in a report on Tuesday, February 27th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. BOK Financial presently has a consensus rating of “Hold” and an average target price of $102.33.
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BOK Financial Company Profile
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.
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