BOKF, NA recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
BOKF, National Association, of which the BOKF stands for Bank of Oklahoma Financial, is a financial services company that provides a variety of services such as banking, both personal and commercial, and investment and trust. BOKF, NA is based out of Tulsa Oklahoma. The company operates as a subsidiary of BOK Financial Corporation, which is a $31 billion regional financial services company. BOKF, NA operates with seven banking dicisions: Bank of Arkansas, Bank of Albuquerque, Bank of Arizona, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust, and has full service banks located in eight states. The company was originally established in 1910 and was formerly known as the Bank of Oklahoma, National Association, before changing its name to its current BOKF, NA. BOKF, NA is currently headed by Stanley A. Lybarger, who acts as the company’s CEO and President. The company invests most heavily in the finance sector, which alone makes up almost a third of its total asset allocations, and also invests in the information technology, energy, health care, consumer discretionary, industrials, and consumer staples sectors, among other sectors such as utilities and telecommunications and real estate to a lesser degree, in order of decreasing asset allocation. BOKF, NA’s top 10 holdings make just approximately 18.8% of its total holdings and the company had a most recent turnover rate of 16.16%. The company’s top holdings include Exxon Mobil Corp., iShares Trust - Core S&P Mid-Cap 400 Exchange Traded Fund, iShares Trust - Core S&P 500 Exchange Traded Fund, Apple Inc., and SPDR S&P 500 ETF Index Depositary Receipts, in order of decreasing asset holdings. All of its holdings make up less than 2% of its total holdings except for its top two holdings of which Exxon Mobil Corp. makes up 6.5% of its total.
As of the latest 13F report, the guru’s equity portfolio contained 905 stocks valued at a total of $5.22Bil. The top holdings were IWB(4.62%), XOM(3.41%), and AAPL(3.27%).
According to GuruFocus data, these were BOKF, NA’s top five trades of the quarter.
American Electric Power Co Inc
During the quarter, BOKF, NA bought 120,561 shares of NAS:AEP for a total holding of 237,144. The trade had a 0.22% impact on the equity portfolio. During the quarter, the stock traded for an average price of $99.12.
On 08/12/2022, American Electric Power Co Inc traded for a price of $101.2 per share and a market cap of $51.99Bil. The stock has returned 16.99% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, American Electric Power Co Inc has a price-earnings ratio of 19.93, a price-book ratio of 2.18, a price-earnings-to-growth (PEG) ratio of 1.90, a EV-to-Ebitda ratio of 12.24 and a price-sales ratio of 2.89.
The price-to-GF Value ratio is 1.04, earning the stock a GF Value rank of 5.
iShares Core U.S. Aggregate Bond ETF
During the quarter, BOKF, NA bought 96,753 shares of ARCA:AGG for a total holding of 361,896. The trade had a 0.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $102.25.
On 08/12/2022, iShares Core U.S. Aggregate Bond ETF traded for a price of $102.66 per share and a market cap of $82.84Bil. The stock has returned -9.47% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Russell 1000 ETF
BOKF, NA reduced their investment in ARCA:IWB by 43,285 shares. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $225.9.
On 08/12/2022, iShares Russell 1000 ETF traded for a price of $232.3 per share and a market cap of $28.93Bil. The stock has returned -5.89% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 1000 ETF has a price-earnings ratio of 18.17 and a price-book ratio of 3.45.
Garmin Ltd
BOKF, NA reduced their investment in NYSE:GRMN by 69,712 shares. The trade had a 0.13% impact on the equity portfolio. During the quarter, the stock traded for an average price of $105.55.
On 08/12/2022, Garmin Ltd traded for a price of $98.67 per share and a market cap of $19.03Bil. The stock has returned -39.36% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Garmin Ltd has a price-earnings ratio of 18.83, a price-book ratio of 3.22, a price-earnings-to-growth (PEG) ratio of 1.35, a EV-to-Ebitda ratio of 13.66 and a price-sales ratio of 3.80.
The price-to-GF Value ratio is 0.74, earning the stock a GF Value rank of 10.
American International Group Inc
During the quarter, BOKF, NA bought 124,272 shares of NYSE:AIG for a total holding of 131,135. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $58.16.
On 08/12/2022, American International Group Inc traded for a price of $56.33 per share and a market cap of $42.83Bil. The stock has returned 6.53% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, American International Group Inc has a price-earnings ratio of 4.87, a price-book ratio of 0.79, a EV-to-Ebitda ratio of 3.67 and a price-sales ratio of 0.89.
The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 7.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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