Pegasus Partners Ltd. bought a new position in shares of BOK Financial Corporation (NASDAQ:BOKF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 37,598 shares of the bank’s stock, valued at approximately $3,163,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of BOK Financial Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock worth $189,696,000 after buying an additional 337,132 shares during the last quarter. Aristotle Capital Management LLC increased its position in shares of BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock worth $147,109,000 after buying an additional 103,196 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock worth $141,640,000 after buying an additional 87,853 shares during the last quarter. State Street Corp increased its position in shares of BOK Financial Corporation by 3.1% in the first quarter. State Street Corp now owns 644,977 shares of the bank’s stock worth $50,480,000 after buying an additional 19,624 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of BOK Financial Corporation by 3.4% in the first quarter. Royce & Associates LP now owns 414,293 shares of the bank’s stock worth $32,427,000 after buying an additional 13,811 shares during the last quarter. Institutional investors own 32.51% of the company’s stock.

Shares of BOK Financial Corporation (NASDAQ BOKF) opened at 79.66 on Friday. BOK Financial Corporation has a 12-month low of $65.36 and a 12-month high of $88.80. The stock’s 50 day moving average price is $84.43 and its 200-day moving average price is $82.07. The company has a market cap of $5.21 billion, a PE ratio of 17.39 and a beta of 0.99.

BOK Financial Corporation (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm had revenue of $387.46 million for the quarter, compared to analysts’ expectations of $384.52 million. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, equities research analysts forecast that BOK Financial Corporation will post $5.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.76 annualized dividend and a yield of 2.21%. BOK Financial Corporation’s dividend payout ratio is 38.34%.

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A number of equities analysts have commented on BOKF shares. Wedbush lifted their target price on BOK Financial Corporation from $79.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, April 27th. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Piper Jaffray Companies restated a “hold” rating and issued a $89.00 target price on shares of BOK Financial Corporation in a research note on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating on shares of BOK Financial Corporation in a research note on Thursday, April 27th. Finally, Stephens restated a “buy” rating and issued a $95.00 target price on shares of BOK Financial Corporation in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. BOK Financial Corporation currently has an average rating of “Hold” and a consensus target price of $86.67.

In other news, EVP Scott Grauer sold 1,750 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $80.96, for a total transaction of $141,680.00. Following the sale, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at $1,937,777.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen D. Grossi sold 550 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total transaction of $44,891.00. Following the sale, the executive vice president now directly owns 12,601 shares in the company, valued at $1,028,493.62. The disclosure for this sale can be found here. Insiders have sold 5,300 shares of company stock worth $441,751 over the last three months. 62.00% of the stock is owned by insiders.

BOK Financial Corporation Company Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

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Institutional Ownership by Quarter for BOK Financial Corporation (NASDAQ:BOKF)

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