Prospera Private Wealth LLC Invests $142,000 in BOK Financial Co. (NASDAQ:BOKF)

Prospera Private Wealth LLC bought a new stake in BOK Financial Co. (NASDAQ:BOKF) during the third quarter, Holdings Channel reports. The fund bought 1,356 shares of the bank’s stock, valued at approximately $142,000.

A number of other institutional investors have also recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial in the 2nd quarter worth about $39,000. Covestor Ltd lifted its position in BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares in the last quarter. Olistico Wealth LLC purchased a new stake in BOK Financial during the second quarter worth approximately $46,000. 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. Finally, Bessemer Group Inc. acquired a new stake in shares of BOK Financial in the first quarter worth $86,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the 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 in the company, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 56.94% of the stock is owned by insiders.

BOK Financial Price Performance

Shares of BOKF opened at $115.79 on Friday. BOK Financial Co. has a one year low of $69.76 and a one year high of $119.52. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 15.93 and a beta of 1.17. The stock’s fifty day moving average is $108.43 and its 200-day moving average is $100.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The business had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the firm earned $2.04 EPS. Equities analysts anticipate that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.57 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.97%. BOK Financial’s payout ratio is currently 31.36%.

Analysts Set New Price Targets

BOKF has been the subject of a number of research reports. Stephens decreased their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. DA Davidson reduced their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.20.

BOK Financial 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.