Healthcare of Ontario Pension Plan Trust Fund Cuts Stake in BOK Financial Co. (NASDAQ:BOKF)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 8.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 26,673 shares of the bank’s stock after selling 2,327 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BOK Financial were worth $2,454,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BOKF. Treasurer of the State of North Carolina increased its stake in shares of BOK Financial by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after purchasing an additional 120 shares during the last quarter. New York State Common Retirement Fund grew its holdings in BOK Financial by 0.8% during the fourth quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock valued at $2,147,000 after purchasing an additional 195 shares during the period. Covestor Ltd increased its position in BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of BOK Financial in the fourth quarter valued at $41,000. Finally, Victory Capital Management Inc. lifted its position in shares of BOK Financial by 18.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,629 shares of the bank’s stock valued at $311,000 after buying an additional 566 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the sale, the director now directly owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 56.94% of the stock is owned by company insiders.

BOK Financial Stock Up 0.5 %

BOKF opened at $105.71 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. BOK Financial Co. has a one year low of $62.42 and a one year high of $107.97. The firm has a market capitalization of $6.82 billion, a P/E ratio of 15.41 and a beta of 1.19. The company has a fifty day moving average price of $92.77 and a 200-day moving average price of $88.94.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping the consensus estimate of $1.89 by $0.65. The business had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. During the same period in the previous year, the business earned $2.27 earnings per share. Equities research analysts expect that BOK Financial Co. will post 7.72 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, May 14th. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Analyst Ratings Changes

BOKF has been the topic of a number of research reports. Hovde Group boosted their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial boosted their price target on shares of BOK Financial from $94.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday. DA Davidson raised their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday. Stephens reissued an “equal weight” rating and set a $104.00 target price on shares of BOK Financial in a report on Tuesday. Finally, Royal Bank of Canada raised their price target on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $108.00.

BOK Financial 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.