Rafferty Asset Management LLC Has $4.08 Million Stock Holdings in BOK Financial Corporation $BOKF

Rafferty Asset Management LLC lifted its stake in BOK Financial Corporation (NASDAQ:BOKF) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,596 shares of the bank’s stock after acquiring an additional 7,533 shares during the quarter. Rafferty Asset Management LLC’s holdings in BOK Financial were worth $4,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its stake in BOK Financial by 0.7% in the second quarter. Geode Capital Management LLC now owns 440,071 shares of the bank’s stock valued at $42,970,000 after purchasing an additional 3,155 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of BOK Financial by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock valued at $36,845,000 after buying an additional 183,668 shares during the last quarter. Norges Bank bought a new position in shares of BOK Financial in the second quarter valued at $24,764,000. Qube Research & Technologies Ltd grew its stake in shares of BOK Financial by 193.7% in the second quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after buying an additional 149,201 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in BOK Financial by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 187,316 shares of the bank’s stock worth $18,288,000 after buying an additional 9,581 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 0.0%

Shares of NASDAQ:BOKF opened at $128.46 on Wednesday. The stock has a market cap of $7.80 billion, a PE ratio of 14.02 and a beta of 0.88. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $138.42. The business has a 50 day moving average of $128.51 and a 200-day moving average of $117.29.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.32. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.The business had revenue of $589.56 million during the quarter, compared to analysts’ expectations of $550.05 million. During the same period last year, the firm posted $2.12 EPS. As a group, equities research analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 19th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio is 27.51%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,500 shares of BOK Financial stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total value of $344,275.00. Following the completion of the sale, the director owned 34,916 shares in the company, valued at $4,808,282.36. The trade was a 6.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 60.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BOKF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, January 21st. Hovde Group cut shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price on the stock. in a report on Friday, December 12th. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $116.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Zacks Research raised BOK Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Barclays raised their price objective on BOK Financial from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and a consensus price target of $129.33.

About BOK Financial

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.