Quantinno Capital Management LP Purchases 14,769 Shares of BOK Financial Corporation $BOKF

Quantinno Capital Management LP raised its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,913 shares of the bank’s stock after purchasing an additional 14,769 shares during the quarter. Quantinno Capital Management LP’s holdings in BOK Financial were worth $10,490,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of BOK Financial by 1.3% in the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after purchasing an additional 80 shares in the last quarter. Cowa LLC raised its position in shares of BOK Financial by 1.7% during the 4th quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after purchasing an additional 101 shares during the period. Root Financial Partners LLC lifted its stake in shares of BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after buying an additional 132 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in BOK Financial by 2.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,717 shares of the bank’s stock worth $796,000 after buying an additional 151 shares during the period. 34.44% of the stock is currently owned by institutional investors.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,100 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $134.78, for a total transaction of $283,038.00. Following the transaction, the director directly owned 32,816 shares in the company, valued at $4,422,940.48. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction on Friday, May 8th. The shares were sold at an average price of $132.62, for a total value of $225,454.00. Following the sale, the executive vice president directly owned 20,361 shares of the company’s stock, valued at approximately $2,700,275.82. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,309 shares of company stock worth $577,203. 63.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BOKF. Benchmark initiated coverage on BOK Financial in a research note on Wednesday, June 24th. They set a “hold” rating on the stock. Barclays lifted their target price on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup restated a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd. DA Davidson restated a “neutral” rating and issued a $150.00 price target on shares of BOK Financial in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada lifted their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, BOK Financial has a consensus rating of “Hold” and an average target price of $139.45.

BOK Financial Price Performance

Shares of BOKF stock opened at $143.78 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $8.74 billion, a P/E ratio of 13.55 and a beta of 0.80. The company’s 50-day simple moving average is $135.98 and its two-hundred day simple moving average is $132.47. BOK Financial Corporation has a one year low of $98.58 and a one year high of $144.30.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The company had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $568.08 million. BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $2.19 earnings per share. As a group, equities analysts anticipate that BOK Financial Corporation will post 10.32 EPS for the current year.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.