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BOK Financial Co. (NASDAQ:BOKF) shares sold by Russell Investments Group Ltd.


Russell Investments Group Ltd. has acquired its interest in the shares of BOK Financial Co. (NASDAQ:BOKF – Free Report) fell 33.5% in the fourth quarter, HoldingsChannel.com reports. The company owned 31,304 shares of the bank, after selling 15,748 shares during the quarter. The interests of Russell Investments Group Ltd. in BOK Financial were worth $2,681,000 at the end of the most recent quarter.

A number of other major investors have also recently bought and sold BOKF shares. Wellington Management Group LLP acquired a new stake in shares of BOK Financial during the 3rd quarter worth $5,375,000. O Shaughnessy Asset Management LLC grew its holdings in shares of BOK Financial by 233.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after purchasing an additional 33,602 shares during the period. Invesco Ltd. increased its position in BOK Financial by 50.0% during the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000, after purchasing an additional 28,367 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in BOK Financial by 4.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in BOK Financial during the fourth quarter valued at approximately $724,000. Hedge funds and other institutional investors own 34.44% of the company’s shares.

Analysts set new price targets

BOKF has been the subject of several recent research reports. Hovde Group raised their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25. DA Davidson raised their price objective on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, April 25. Citigroup raised their price target on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13. Royal Bank of Canada raised their price target on BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday, April 25. Finally, Stephens raised his price target on BOK Financial from $96.00 to $98.00 and gave the stock an “equalweight” rating in a report on Thursday, January 25. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.10.

Check out our latest report on BOKF

Insider activity at BOK Financial

In other BOK financial news: Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Friday, May 3. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the sale, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 59.72% of the company’s shares.

BOK financial shares fell 0.1%

BOKF shares opened at $94.25 on Tuesday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 13.74 and a beta of 1.20. The company has a 50-day simple moving average of $89.34 and a 200-day simple moving average of $83.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. BOK Financial Co. has a twelve month low of $62.42 and a twelve month high of $95.00.

BOK Financial (NASDAQ:BOKF – Get Free Report) posted its latest earnings results on Tuesday, April 30. The bank reported earnings per share of $1.91 for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. The company had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same quarter of the previous year, the company posted earnings per share of $2.43. On average, stock analysts predict that BOK Financial Co. will record a profit per share of 7.53 for the current financial year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30. Shareholders of record on Wednesday, May 15 will receive a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, May 14. This represents a dividend of $2.20 annually and a dividend yield of 2.33%. BOK Financial’s Dividend Payout Ratio (DPR) is 32.07%.

BOK Financial Profile

(Free report)

BOK Financial Corporation operates as the financial holding company for BOKF, NA, which 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.

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Would you like to see which other hedge funds hold BOKF? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for BOK Financial Co. (NASDAQ:BOKF – Free Report).

Quarterly Institutional Ownership for BOK Financial (NASDAQ:BOKF)



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