Quantinno Capital Management LP Raises Stake in BOK Financial Co. (NASDAQ:BOKF)

Quantinno Capital Management LP raised its position in BOK Financial Co. (NASDAQ:BOKF) by 70.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,987 shares of the bank’s stock after acquiring an additional 2,891 shares during the quarter. Quantinno Capital Management LP’s holdings in BOK Financial were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial during the second quarter worth approximately $39,000. KBC Group NV grew its stake in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of BOK Financial during the 3rd quarter worth $142,000. Point72 DIFC Ltd acquired a new position in shares of BOK Financial during the 2nd quarter worth $143,000. Finally, nVerses Capital LLC acquired a new position in shares of BOK Financial during the 2nd quarter worth $147,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was 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 available through the SEC website. 56.94% of the stock is currently owned by company insiders.

BOK Financial Stock Down 0.8 %

BOKF stock opened at $116.05 on Friday. BOK Financial Co. has a twelve month low of $77.86 and a twelve month high of $121.58. 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 company has a market capitalization of $7.44 billion, a P/E ratio of 15.96 and a beta of 1.18. The firm has a 50 day simple moving average of $112.97 and a 200-day simple moving average of $103.01.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to the consensus estimate 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 company posted $2.04 earnings per share. On average, equities research analysts predict that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.96%. 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. BOK Financial’s dividend payout ratio (DPR) is presently 31.36%.

Wall Street Analyst Weigh In

BOKF has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. DA Davidson cut their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.40.

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.