21,335 BOK Financial Corporation $BOKF Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its stake in BOK Financial Corporation (NASDAQ:BOKF) by 1,456.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,800 shares of the bank’s stock after acquiring an additional 21,335 shares during the period. Jefferies Financial Group Inc.’s holdings in BOK Financial were worth $2,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BOKF. Machina Capital S.A.S. purchased a new position in shares of BOK Financial in the 3rd quarter worth about $604,000. Illinois Municipal Retirement Fund increased its stake in BOK Financial by 55.1% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,384 shares of the bank’s stock valued at $1,439,000 after purchasing an additional 4,045 shares in the last quarter. AlphaCore Capital LLC increased its stake in BOK Financial by 19.8% during the 3rd quarter. AlphaCore Capital LLC now owns 15,660 shares of the bank’s stock valued at $1,979,000 after purchasing an additional 2,589 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in BOK Financial by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 201,282 shares of the bank’s stock worth $25,450,000 after buying an additional 3,803 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in BOK Financial by 45.6% in the third quarter. Pictet Asset Management Holding SA now owns 3,466 shares of the bank’s stock worth $438,000 after buying an additional 1,085 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Hovde Group started coverage on shares of BOK Financial in a research note on Friday, September 11th. They issued a “market perform” rating and a $143.00 target price on the stock. Wells Fargo & Company downgraded shares of BOK Financial from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $148.00 to $135.00 in a research report on Tuesday, September 29th. Royal Bank Of Canada decreased their price objective on shares of BOK Financial from $149.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. Barclays upped their price objective on BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, DA Davidson set a $145.00 price objective on BOK Financial and gave the company a “neutral” rating in a research report on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.27.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $130.15 on Friday. The firm’s 50-day moving average price is $130.08 and its 200-day moving average price is $132.95. BOK Financial Corporation has a 52-week low of $102.72 and a 52-week high of $146.84. The company has a market cap of $7.91 billion, a PE ratio of 11.80 and a beta of 0.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, October 19th. The bank reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.12. The firm had revenue of $561.45 million during the quarter, compared to analysts’ expectations of $571.40 million. BOK Financial had a net margin of 19.53% and a return on equity of 10.45%. The firm’s quarterly revenue was down 34.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.22 earnings per share. As a group, analysts anticipate that BOK Financial Corporation will post 10.41 EPS for the current year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be given a $0.78 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.4%. BOK Financial’s payout ratio is presently 22.85%.

BOK Financial Company Profile

BOK Financial is a financial services holding company headquartered in Tulsa, Oklahoma. Its history traces to the founding of Exchange National Bank in Tulsa in 1910. The company operates through banking brands that include Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. BOK Financial provides commercial and consumer banking, including lending, deposit accounts, treasury and cash-management services. It also offers wealth management, investment and brokerage services, mortgage lending, and specialized financing for industries such as energy.