BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,973 shares of the bank’s stock after selling 1,148 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in BOK Financial were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial in the 2nd quarter worth about $39,000. KBC Group NV increased its position in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of BOK Financial during the third quarter valued at approximately $142,000. Point72 DIFC Ltd purchased a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $143,000. Finally, CWM LLC boosted its stake in BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after purchasing an additional 989 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 59.72% of the stock is currently owned by company insiders.

BOK Financial Stock Up 1.7 %

Shares of BOKF stock opened at $112.99 on Friday. The stock’s 50 day simple moving average is $113.20 and its 200 day simple moving average is $106.47. BOK Financial Co. has a twelve month low of $77.86 and a twelve month high of $121.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same quarter last year, the firm posted $2.04 earnings per share. As a group, research analysts predict that BOK Financial Co. will post 8.07 EPS for the current year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.02%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio is 31.36%.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Stephens lowered their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, DA Davidson lowered their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $114.40.

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.