BOK Financial Corporation (BOKF) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. grew its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,496,617 shares of the bank’s stock after purchasing an additional 73,025 shares during the period. Vanguard Group Inc. owned about 3.82% of BOK Financial Corporation worth $210,041,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BOKF. Principal Financial Group Inc. boosted its stake in shares of BOK Financial Corporation by 183.1% in the 2nd quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock worth $55,716,000 after buying an additional 428,292 shares during the last quarter. Aristotle Capital Management LLC boosted its stake in shares of BOK Financial Corporation by 5.8% in the 1st quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock worth $147,109,000 after buying an additional 103,196 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of BOK Financial Corporation in the 1st quarter worth $6,586,000. Chicago Equity Partners LLC purchased a new position in shares of BOK Financial Corporation in the 2nd quarter worth $5,517,000. Finally, Royce & Associates LP boosted its stake in shares of BOK Financial Corporation by 12.3% in the 2nd quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock worth $39,127,000 after buying an additional 50,789 shares during the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.
A number of equities analysts have recently issued reports on BOKF shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $90.00 price target on shares of BOK Financial Corporation in a research note on Tuesday, August 29th. Piper Jaffray Companies restated a “hold” rating and issued a $89.00 price target on shares of BOK Financial Corporation in a research note on Friday, July 14th. Hovde Group dropped their price target on BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 28th. BidaskClub upgraded BOK Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $90.00 price target on shares of BOK Financial Corporation in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $90.25.
In other BOK Financial Corporation news, EVP Stephen D. Grossi sold 550 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the sale, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at $1,028,493.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stacy Kymes sold 3,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $85.06, for a total transaction of $255,180.00. Following the completion of the sale, the executive vice president now directly owns 29,627 shares in the company, valued at $2,520,072.62. The disclosure for this sale can be found here. 62.00% of the stock is currently owned by corporate insiders.
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BOK Financial Corporation (BOKF) opened at 88.55 on Monday. The company’s 50-day moving average price is $84.70 and its 200 day moving average price is $82.91. BOK Financial Corporation has a 52-week low of $68.55 and a 52-week high of $90.69. The stock has a market capitalization of $5.79 billion, a P/E ratio of 19.33 and a beta of 1.01.
BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. The company had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. During the same period in the prior year, the company earned $1.00 earnings per share. On average, equities research analysts predict that BOK Financial Corporation will post $5.38 earnings per share for the current fiscal year.
BOK Financial Corporation Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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