Inceptionr LLC Invests $577,000 in BOK Financial Corporation $BOKF

Inceptionr LLC bought a new stake in shares of BOK Financial Corporation (NASDAQ:BOKF) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,174 shares of the bank’s stock, valued at approximately $577,000.

A number of other large investors have also bought and sold shares of BOKF. Norges Bank purchased a new position in BOK Financial during the second quarter valued at $24,764,000. First Trust Advisors LP lifted its stake in BOK Financial by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock worth $36,845,000 after purchasing an additional 183,668 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of BOK Financial by 193.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after purchasing an additional 149,201 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of BOK Financial in the second quarter worth about $6,912,000. Finally, Dimensional Fund Advisors LP grew its holdings in BOK Financial by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock valued at $293,015,000 after buying an additional 59,241 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,300 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director directly owned 10,936 shares in the company, valued at $1,508,183.76. This represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 60.14% of the company’s stock.

BOK Financial Price Performance

NASDAQ BOKF opened at $125.62 on Wednesday. The stock’s fifty day moving average price is $129.08 and its 200 day moving average price is $118.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 13.71 and a beta of 0.88. BOK Financial Corporation has a 1 year low of $85.07 and a 1 year high of $138.42.

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

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, February 19th. BOK Financial’s payout ratio is 27.51%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BOKF shares. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $116.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. DA Davidson restated a “neutral” rating and issued a $135.00 price target (up from $125.00) on shares of BOK Financial in a research report on Monday, January 26th. Zacks Research upgraded shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Citigroup raised their price objective on BOK Financial from $124.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $129.33.

BOK Financial 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.