Hsbc Holdings PLC Makes New $1.16 Million Investment in BOK Financial Corporation $BOKF

Hsbc Holdings PLC acquired a new stake in shares of BOK Financial Corporation (NASDAQ:BOKF) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,020 shares of the bank’s stock, valued at approximately $1,155,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in BOK Financial by 11.3% during the 1st quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock valued at $333,000 after purchasing an additional 324 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BOK Financial by 14.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock worth $9,391,000 after purchasing an additional 11,057 shares during the period. Jane Street Group LLC boosted its position in BOK Financial by 344.0% in the first quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after buying an additional 15,748 shares during the last quarter. Acadian Asset Management LLC acquired a new position in BOK Financial in the 1st quarter worth approximately $159,000. Finally, M&T Bank Corp acquired a new stake in BOK Financial during the 2nd quarter valued at approximately $220,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Up 0.9%

Shares of NASDAQ:BOKF opened at $142.44 on Wednesday. The firm has a 50 day simple moving average of $135.06 and a 200-day simple moving average of $131.94. BOK Financial Corporation has a twelve month low of $97.40 and a twelve month high of $143.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $8.65 billion, a PE ratio of 13.43 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The company had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. BOK Financial’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $2.19 earnings per share. On average, equities analysts predict that BOK Financial Corporation will post 10.32 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.52 annualized dividend and a yield of 1.8%. BOK Financial’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

BOKF has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a research note on Tuesday, July 21st. Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Wells Fargo & Company upped their price objective on shares of BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Barclays upped their price objective on BOK Financial from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Citigroup restated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $139.00.

Insider Activity at BOK Financial

In related news, EVP Mark B. Wade sold 1,700 shares of BOK Financial 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 transaction, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven Bangert sold 2,100 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the completion of the transaction, the director directly owned 32,816 shares in the company, valued at $4,422,940.48. This represents a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,309 shares of company stock worth $577,203 over the last quarter. Company insiders own 63.53% of the company’s stock.

BOK Financial Company Profile

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.