BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 9,863 Shares of BOK Financial Co. (NASDAQ:BOKF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,091 shares of the bank’s stock after purchasing an additional 9,863 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.21% of BOK Financial worth $14,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial in the 2nd quarter valued at $39,000. Olistico Wealth LLC bought a new position in shares of BOK Financial during the second quarter valued at $46,000. Bessemer Group Inc. acquired a new stake in shares of BOK Financial in the 1st quarter valued at $86,000. KBC Group NV grew its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of BOK Financial during the 3rd quarter worth about $142,000. 34.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $235,660.00. Following the completion of the transaction, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.94% of the stock is currently owned by company insiders.

BOK Financial Trading Up 1.6 %

BOKF opened at $117.53 on Friday. The firm has a 50 day simple moving average of $108.72 and a 200 day simple moving average of $100.52. BOK Financial Co. has a fifty-two week low of $69.76 and a fifty-two week high of $119.52. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 16.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same quarter in the prior year, the business posted $2.04 EPS. On average, sell-side analysts anticipate that BOK Financial Co. will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 1.94%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

Analyst Ratings Changes

BOKF has been the topic of a number of recent analyst reports. DA Davidson reduced their price target 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. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Stephens decreased their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price target on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $112.20.

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.