Quadrature Capital Ltd Acquires Shares of 4,512 BOK Financial Co. (NASDAQ:BOKF)

Quadrature Capital Ltd bought a new stake in BOK Financial Co. (NASDAQ:BOKF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,512 shares of the bank’s stock, valued at approximately $472,000.

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

Analyst Upgrades and Downgrades

BOKF has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Finally, Stephens lowered their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $114.40.

BOK Financial Trading Down 1.5 %

Shares of NASDAQ BOKF opened at $116.56 on Tuesday. BOK Financial Co. has a 12-month low of $77.86 and a 12-month high of $121.58. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 16.03 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock’s 50 day simple moving average is $111.77 and its 200 day simple moving average is $102.47.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (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 analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period last year, the business posted $2.04 earnings per share. Equities research analysts expect that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 1.96%. BOK Financial’s dividend payout ratio is 31.36%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 59.72% of the stock is owned by company insiders.

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.