Inceptionr LLC Increases Stake in BOK Financial Corporation $BOKF

Inceptionr LLC raised its position in BOK Financial Corporation (NASDAQ:BOKF) by 100.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,392 shares of the bank’s stock after purchasing an additional 5,218 shares during the period. Inceptionr LLC’s holdings in BOK Financial were worth $1,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in shares of BOK Financial by 1,397.2% in the 4th quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock worth $3,645,000 after acquiring an additional 28,712 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BOK Financial by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock worth $293,015,000 after acquiring an additional 59,241 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of BOK Financial by 18.8% in the 3rd quarter. Victory Capital Management Inc. now owns 234,007 shares of the bank’s stock worth $26,078,000 after acquiring an additional 36,982 shares during the last quarter. Numerai GP LLC acquired a new stake in shares of BOK Financial in the 3rd quarter worth $1,949,000. Finally, Isthmus Partners LLC acquired a new stake in shares of BOK Financial in the 4th quarter worth $1,775,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $131.60 on Thursday. The business has a 50-day moving average of $131.23 and a 200 day moving average of $127.15. BOK Financial Corporation has a 12 month low of $91.35 and a 12 month high of $139.73. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 13.32 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.The company had revenue of $553.82 million during the quarter, compared to analysts’ expectations of $549.71 million. During the same period last year, the business posted $1.86 EPS. As a group, sell-side analysts forecast that BOK Financial Corporation will post 10.24 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio (DPR) is 25.51%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research downgraded BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. DA Davidson raised their target price on BOK Financial from $132.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Citigroup raised their target price on BOK Financial from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Wells Fargo & Company raised their target price on BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. Finally, Royal Bank Of Canada raised their price objective on BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.91.

Insider Activity

In other news, EVP Jeffrey A. Reid sold 1,200 shares of BOK Financial stock in a transaction dated 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 transaction, the executive vice president owned 8,116 shares in the company, valued at approximately $1,099,880.32. This trade represents a 12.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction dated Friday, May 8th. The shares were 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 owned 20,361 shares of the company’s stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,500 shares of company stock worth $738,571. 63.53% of the stock is currently owned by company insiders.

About BOK Financial

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.