Alaska Permanent Fund Corp Has $1.89 Million Position in BOK Financial Co. (NASDAQ:BOKF)

Alaska Permanent Fund Corp lowered its stake in BOK Financial Co. (NASDAQ:BOKF) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,084 shares of the bank’s stock after selling 4,416 shares during the period. Alaska Permanent Fund Corp’s holdings in BOK Financial were worth $1,891,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BOKF. Wellington Management Group LLP acquired a new position in BOK Financial in the 3rd quarter valued at approximately $5,375,000. O Shaughnessy Asset Management LLC raised its position in shares of BOK Financial by 233.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after acquiring an additional 33,602 shares during the last quarter. Invesco Ltd. lifted its position in BOK Financial by 50.0% during the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock valued at $6,804,000 after purchasing an additional 28,367 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in BOK Financial by 4.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after acquiring an additional 14,639 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of BOK Financial in the 4th quarter worth $724,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Down 3.3 %

NASDAQ BOKF opened at $89.96 on Friday. BOK Financial Co. has a fifty-two week low of $62.42 and a fifty-two week high of $93.51. The business has a fifty day moving average price of $87.41 and a two-hundred day moving average price of $81.42. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $5.81 billion, a PE ratio of 13.11 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The business had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. During the same period in the prior year, the company earned $2.43 EPS. Equities analysts expect that BOK Financial Co. will post 7.43 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Wall Street Analysts Forecast Growth

BOKF has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Thursday. Hovde Group raised their target price on shares of BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research note on Thursday. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Raymond James reaffirmed an “outperform” rating and set a $105.00 price target (up from $103.00) on shares of BOK Financial in a research report on Thursday. Finally, Stephens boosted their price target on BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.30.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the sale, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 56.94% of the stock is owned by corporate insiders.

About BOK Financial

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.