BOK Financial Corporation $BOKF Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in BOK Financial Corporation (NASDAQ:BOKF) by 59.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,313 shares of the bank’s stock after selling 4,765 shares during the quarter. Ritholtz Wealth Management’s holdings in BOK Financial were worth $424,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of BOK Financial by 11.3% during the first quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock worth $333,000 after purchasing an additional 324 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in BOK Financial by 14.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock worth $9,391,000 after buying an additional 11,057 shares during the period. Jane Street Group LLC lifted its holdings in BOK Financial by 344.0% in the 1st quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock worth $2,117,000 after buying an additional 15,748 shares in the last quarter. Acadian Asset Management LLC acquired a new position in BOK Financial in the 1st quarter worth $159,000. Finally, M&T Bank Corp purchased a new position in BOK Financial in the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial lowered BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Zacks Research downgraded shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Barclays lifted their price target on shares of BOK Financial from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada increased their price objective on shares of BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Citigroup raised their price objective on shares of BOK Financial from $138.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $135.18.

Insiders Place Their Bets

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the transaction, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. The trade was a 7.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeffrey A. Reid sold 1,200 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total value of $162,624.00. Following the completion of the sale, the executive vice president directly owned 8,116 shares in the company, valued at $1,099,880.32. This represents a 12.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 5,500 shares of company stock valued at $738,571. Company insiders own 63.53% of the company’s stock.

BOK Financial Trading Up 1.7%

NASDAQ:BOKF opened at $141.24 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $131.84 and its two-hundred day moving average is $129.29. BOK Financial Corporation has a 52 week low of $97.40 and a 52 week high of $141.57. The company has a market cap of $8.58 billion, a PE ratio of 14.30 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period in the previous year, the business earned $1.86 EPS. On average, analysts predict that BOK Financial Corporation will post 10.28 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.63 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.52 annualized dividend and a yield of 1.8%. BOK Financial’s payout ratio is presently 25.51%.

BOK Financial 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.