Cibc World Market Inc. Sells 250,000 Shares of BOK Financial Co. (NASDAQ:BOKF)

Cibc World Market Inc. trimmed its stake in BOK Financial Co. (NASDAQ:BOKF) by 23.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 817,000 shares of the bank’s stock after selling 250,000 shares during the period. Cibc World Market Inc.’s holdings in BOK Financial were worth $86,970,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its stake in shares of BOK Financial by 1.7% in the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after acquiring an additional 147 shares during the period. KBC Group NV boosted its holdings in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares in the last quarter. XTX Topco Ltd boosted its holdings in BOK Financial by 9.6% during the third quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock worth $412,000 after buying an additional 346 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial during the second quarter worth $39,000. Finally, GSA Capital Partners LLP boosted its holdings in BOK Financial by 10.3% during the third quarter. GSA Capital Partners LLP now owns 5,001 shares of the bank’s stock worth $523,000 after buying an additional 468 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BOKF. Wells Fargo & Company raised their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. DA Davidson reduced their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, BOK Financial has an average rating of “Hold” and an average price target of $116.40.

BOK Financial Stock Up 0.7 %

BOKF opened at $111.02 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. BOK Financial Co. has a 1 year low of $78.99 and a 1 year high of $121.58. The firm has a 50 day moving average price of $112.47 and a 200 day moving average price of $107.74. The company has a market cap of $7.12 billion, a PE ratio of 13.66 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. Sell-side analysts expect that BOK Financial Co. will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 56.94% of the stock is currently owned by company insiders.

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.