Rhumbline Advisers trimmed its holdings in shares of BOK Financial Co. (NASDAQ:BOKF – Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,571 shares of the bank’s stock after selling 1,795 shares during the period. Rhumbline Advisers’ holdings in BOK Financial were worth $3,041,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BOK Financial by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares in the last quarter. SG Americas Securities LLC lifted its holdings in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock valued at $981,000 after purchasing an additional 7,487 shares during the last quarter. Meritage Portfolio Management acquired a new position in BOK Financial in the fourth quarter valued at about $444,000. Merit Financial Group LLC bought a new stake in BOK Financial during the fourth quarter worth about $256,000. Finally, Jane Street Group LLC increased its holdings in shares of BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after buying an additional 33,686 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BOKF has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Stephens lowered their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus target price of $116.40.
Get Our Latest Stock Analysis on BOKF
BOK Financial Stock Up 1.2 %
Shares of NASDAQ BOKF opened at $108.96 on Friday. BOK Financial Co. has a 52 week low of $83.22 and a 52 week high of $121.58. The stock’s fifty day moving average is $109.56 and its 200 day moving average is $109.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The stock has a market capitalization of $7.00 billion, a P/E ratio of 13.40 and a beta of 1.19.
BOK Financial (NASDAQ:BOKF – Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Sell-side analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.
BOK Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.09%. BOK Financial’s dividend payout ratio is presently 28.04%.
BOK Financial Company Profile
(Free Report)
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
Further Reading
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