UBS Group AG Grows Stock Position in BOK Financial Corporation $BOKF

UBS Group AG increased its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,240 shares of the bank’s stock after buying an additional 20,503 shares during the quarter. UBS Group AG’s holdings in BOK Financial were worth $14,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BOKF. CIBC Bancorp USA Inc. purchased a new stake in shares of BOK Financial during the 3rd quarter valued at approximately $123,231,000. Freestone Grove Partners LP increased its holdings in BOK Financial by 407.0% in the 3rd quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock valued at $40,521,000 after purchasing an additional 291,894 shares during the last quarter. First Trust Advisors LP increased its holdings in BOK Financial by 39.8% in the 3rd quarter. First Trust Advisors LP now owns 527,601 shares of the bank’s stock valued at $58,796,000 after purchasing an additional 150,210 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in BOK Financial by 193.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after purchasing an additional 149,201 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in BOK Financial by 509.9% in the 3rd quarter. Two Sigma Investments LP now owns 144,782 shares of the bank’s stock valued at $16,135,000 after purchasing an additional 121,045 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BOKF shares. Piper Sandler set a $135.00 target price on shares of BOK Financial in a report on Wednesday, January 21st. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, January 21st. Barclays lifted their target price on shares of BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, DA Davidson lifted their target price on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.91.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $126.93 on Thursday. The company has a fifty day simple moving average of $130.07 and a two-hundred day simple moving average of $124.02. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 12.85 and a beta of 0.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. BOK Financial Corporation has a 52 week low of $91.35 and a 52 week high of $139.73.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. The business had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same quarter in the previous year, the firm posted $1.86 earnings per share. As a group, equities analysts anticipate that BOK Financial Corporation will post 10.24 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be paid a $0.63 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. BOK Financial’s payout ratio is 25.51%.

Insiders Place Their Bets

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of the business’s stock in a transaction on 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 in the company, valued at $2,700,275.82. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey A. Reid sold 1,200 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the transaction, the executive vice president owned 8,116 shares of the company’s stock, valued at approximately $1,099,880.32. This trade represents a 12.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,500 shares of company stock worth $738,571 over the last 90 days. Corporate insiders own 63.53% of the company’s stock.

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.