BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $14.24 Million Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in BOK Financial Co. (NASDAQ:BOKF) by 7.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 136,091 shares of the bank’s stock after buying an additional 9,863 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in BOK Financial were worth $14,238,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BOKF. Allspring Global Investments Holdings LLC lifted its position in shares of BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after purchasing an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after buying an additional 125,950 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of BOK Financial during the 2nd quarter worth about $3,429,000. Quest Partners LLC bought a new position in shares of BOK Financial in the 3rd quarter valued at about $1,923,000. Finally, Sei Investments Co. increased its position in shares of BOK Financial by 304.9% in the second quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock valued at $1,888,000 after acquiring an additional 15,514 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Performance

BOKF opened at $117.53 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day simple moving average of $108.72 and a 200 day simple moving average of $100.52. BOK Financial Co. has a 1 year low of $69.76 and a 1 year high of $119.52. The company has a market capitalization of $7.54 billion, a PE ratio of 16.17 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last announced 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 during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same quarter in the previous year, the business posted $2.04 earnings per share. Research analysts expect that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is 31.36%.

Analysts Set New Price Targets

Several brokerages recently commented on BOKF. Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. DA Davidson decreased their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stephens dropped their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $112.20.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 56.94% of the stock is currently owned by company insiders.

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.