Avalon Advisory Group Has $1.25 Million Holdings in BOK Financial Co. (NASDAQ:BOKF)

Avalon Advisory Group trimmed its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,769 shares of the bank’s stock after selling 1,268 shares during the quarter. BOK Financial accounts for 0.6% of Avalon Advisory Group’s holdings, making the stock its 8th biggest position. Avalon Advisory Group’s holdings in BOK Financial were worth $1,253,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its stake in BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after purchasing an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. boosted its position in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after acquiring an additional 48,874 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after acquiring an additional 9,863 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock worth $8,643,000 after acquiring an additional 564 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after acquiring an additional 33,686 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 59.72% of the stock is owned by company insiders.

BOK Financial Trading Up 1.7 %

Shares of BOK Financial stock opened at $112.99 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 company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.20. The business has a fifty day simple moving average of $113.20 and a two-hundred day simple moving average of $106.57. BOK Financial Co. has a 1 year low of $77.86 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter last year, the business earned $2.04 EPS. Research analysts forecast that BOK Financial Co. will post 8.07 EPS for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is presently 31.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson reduced their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens cut their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price objective on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $114.40.

About BOK Financial

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.